1/23 Cranbourne Road, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
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1/23 Cranbourne Road
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 105m2
Land area: 543m2
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Property Details for 1/23 Cranbourne Rd, Frankston

1/23 Cranbourne Rd, Frankston is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1940. The property has a land size of 543m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
1940
Floor Size
105m2
Land Size
543m2
Local Government
Frankston
Lot/Plan
1/RP10186

Last Listing description (May 2022)

Lovingly maintained while honouring its 1920s Victorian bungalow origins.

Experience the yesteryear this charming Spanish mission offers with original pristine ornate ceilings, rich timber hardwood plate and picture rails original double hung timber windows and hardwood floors.


Underpinning the true value of this classic home is its location. Set within the path of Frankston's fore-fathers, the home is uniquely zoned for the Frankston High School and commercial usage perfect for those running a home business. A one-minute walk to the newly revitalized train station, vibrant shopping and entertainment precinct, Chisholm institute and state of the art Peninsula Aquatic and Recreation center.

With easy access to Pen-Link/Eastlink, you can work in the city and be home in time to take the kids and dogs down to Frankston's pristine foreshore.

Providing ample accommodation in the form of two generous bedrooms and a separate studio with plumbing.

A country style central kitchen leading to an indoor/outdoor dining space and original lounge with impressive open fire-place.

There is plenty of parking for the family and your guests with four off street secure parks inclusive of a double lock up garage with remote control door and resident permit parking.

All set upon artisan landscaped grounds including organic olive tree to form an eclectic style of its own. Perfectly manicured lawns and outdoor areas to suit.

This is your opportunity to secure your own slice of local history.

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Property History for 1/23 Cranbourne Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$841,000
22 Jan 2022
  • 22 Jan 2022
    Sold for $841,000
  • 14 Dec 2021
    Listed for Sale $700,000 - $770,000
  • 30 Oct 2007
    Sold for $245,000
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,598 properties. Over the last 5 years, Houses in Frankston have seen a 34.43% increase in median value, while Units have seen a 34.05% increase. As at 28 February 2026:

  • The median value for Houses in Frankston is $871,189 while the median value for Units is $589,978.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 109 properties listed for sale, and 54 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1164 properties were sold in the past 12 months in Frankston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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