1/256 Cranbourne Road, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

1/256 Cranbourne Road
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 98m2
Land area: 217m2
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Property Details for 1/256 Cranbourne Rd, Frankston

1/256 Cranbourne Rd, Frankston is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1977. The property has a land size of 217m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
1977
Floor Size
98m2
Land Size
217m2
Local Government
Frankston
Lot/Plan
1/RP11567

Last Listing description (December 2022)

This 2-bedroom standalone villa in Ballam Village is solid and spacious, and a few updates will make it good as new, creating a great home in a lovely community development, perfect for 1st home buyers, downsizers or investors.

Set well back from the main road, the fully-fenced property with single garage has a low-maintenance courtyard to the front. Step inside and the entrance hall with skylight opens to a large living/meals room which includes split system reverse cycle air-conditioning and ceiling fan, then moves round to a functional, retro kitchen with freestanding oven/cooktop. There's also an adjacent laundry and access to the full-width, covered alfresco deck outside, plus the rear of the garage and workshop. Continuing from the entrance, the hallway leads to 2 spacious bedrooms both with built-in robes and 1 with ceiling fan. These share a bathroom with bath and separate shower, plus separate toilet. Complete with 4 solar panels and double tandem garage from the front left unit.

The complex enjoys an attractive communal garden at its heart and has plenty of parking spaces. Zoned for McClelland College and Ballam Park Primary, which are both just a few minutes' walk away, it's also around the corner from Ballam Park for sports, walking, and playgrounds. The home is close to Karingal Hub shopping centre, local cafs and bus routes, with easy access to Peninsula Link and Frankston CBD, making it a conveniently located investment.

https://www.obrienrealestate.com.au/office/obrien-real-estate-frankston/22161

Property History for 1/256 Cranbourne Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$440,000
03 Nov 2022
  • 03 Nov 2022
    Sold for $440,000
  • 26 Oct 2022
    Listed for Sale $399,000 - $438,000
  • 15 Jan 2015
    Sold for $285,000
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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 21,758 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:

  • The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 77 properties listed for sale, and 66 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1150 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Cotality Copyright and Legal Disclaimers about Property Data
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.