12 Derna CrescentFrankston VIC 3199
Property Details for 12 Derna Cres, Frankston
12 Derna Cres, Frankston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 610m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 3 bedroom House sold in Frankston in the last 12 months.
Last Listing description (September 2026)
For developers, builders and investors searching for a property with genuine future possibilities, 12 Derna Crescent presents an exciting opportunity on approximately 610sqm in an established Frankston location.
The standout feature is the impressive street frontage of approximately 30 metres, creating excellent exposure and valuable flexibility when considering how the site could be used. With its substantial proportions and distinctive shape, the allotment invites buyers to explore the potential for redevelopment, subdivision or the construction of a brand new home, subject to council approval.
Currently occupying the block is an established three bedroom brick residence, providing the option to renovate, retain as an investment or use as a holding property while future plans and permits are explored. The existing home includes a practical layout, an updated central bathroom, built in storage, covered parking and a generous backyard.
For those with a vision for the future, the land is where the greatest opportunity lies. Its approximately 33.5 metre and 34.9 metre side boundaries, combined with the wide frontage, provide developers and builders with an interesting canvas from which to investigate a thoughtfully designed residential project (STCA).
The location further strengthens the property's appeal, with Frankston's shopping, schools, parks, public transport, medical facilities and beautiful coastline all within easy reach. Convenient access to major roads and Peninsula Link also makes travelling throughout the Mornington Peninsula and Melbourne's south east simple.
Whether you choose to renovate, rebuild or explore the site's development possibilities, 12 Derna Crescent offers the land, frontage and location required to create something special. Opportunities with these proportions are increasingly difficult to secure, making this a compelling prospect for developers, investors and forward thinking buyers (STCA).
All information provided is deemed reliable but not guaranteed. Interested parties should conduct their own due diligence and verify all details independently. The agent and agency take no responsibility for any errors, omissions, or changes in the property's description.
Property History for 12 Derna Cres, Frankston, VIC 3199
- 23 Sep 2026Sold for $710,000
- 28 Aug 2026Listed for Sale $690,000 - $730,000
- 16 Aug 2021Listed for Rent $390 / week
Recent sales nearby
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0About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the 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 21,817 properties. Over the last 5 years, Houses in Frankston have seen a 7.98% increase in median value, while Units have seen a 12.98% increase. As at 31 August 2026:
- The median value for Houses in Frankston is $815,119 while the median value for Units is $558,435.
- Houses have a median rent of $600 while Units have a median rent of $500.
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