147 Cranbourne Road, Frankston, VIC 3199 sold on 26 October 2026 | OnTheHouse
SOLD
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Sold on 26 Oct 2026 for $780,000

147 Cranbourne Road
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 875m2
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Property Details for 147 Cranbourne Rd, Frankston

Building Type
Land
Land Size
875m2

Last Listing description (October 2026)

Subtly risen above the streetscape and spanning across a most significant 875 sq. metres (approx.), this blank canvas opportunity opens the door to investors, landbankers, developers, builders, or anyone ready to materialise the home they've always imagined (STCA). From the first level, future views across the bay and city add another compelling dimension to the opportunity, while bay and city glimpses are already enjoyed from ground level. Proposed plans for a multi-unit development add another exciting layer of potential, while the property's position directly across from Beach Street shops and only moments from the fast-moving Frankston CBD puts convenience and opportunity entirely side by side.

The elevated position lifts any future build just that bit higher above the street, giving whatever's built here an extra edge of presence and grandeur - with the potential to make the most of bay and city outlooks from the first level. Its size leaves plenty of room to move on design, whether that be progressing the proposed multi-unit development plans, creating a singular dream home with plenty of room to spread out, or holding the land for its long-term potential on the edge of one of Victoria's fastest-moving markets.

The Beach Street shopping strip continues to grow in appeal directly across the road, with buses by the door taking you into the reimagined CBD, or up to Karingal Hub and Ballam Park, with a mix of cafes, shops, schools, and parklands drawing steady interest from beachside buyers and renters alike. The added benefit of bay and city glimpses at ground level, together with the broader bay and city outlook available from the first level, gives any future development an opportunity to capture a highly desirable sense of openness and outlook. A block of this size in this position is also particularly rare, and its development potential only adds to the opportunity on offer. Whatever direction you take from here, the fundamentals of size, position, elevation, outlook, and proposed multi-unit development plans seen here are hard to top.

More to know
- 875 sq. metre (approx.) vacant block
- Subtly elevated position above the streetscape
- Bay and city glimpses from ground level
- Potential for bay and city views from the first level
- Directly opposite Beach Street shops
- Proposed plans for a multi-unit development
- Well-suited for developers, investors, landbankers, or those looking to build their dream home (STCA)
- Multi-site development potential (STCA)

So, can you picture it? With proposed plans for a multi-unit development already providing a vision for the site, and the opportunity to capture bay and city views from the first level, the potential to bring this property to life is right in front of you.

Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.

Property History for 147 Cranbourne Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$780,000
26 Oct 2026
Listed for Rent
$360/w
27 Feb 2018
  • 26 Oct 2026
    Sold for $780,000
  • 04 Sep 2026
    Listed for Sale $780,000
  • 17 Jan 2018
    Listed for Rent $360 / week
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About 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 21,824 properties. Over the last 5 years, Houses in Frankston have seen a 4.15% increase in median value, while Units have seen a 9.70% increase. As at 30 September 2026:

  • The median value for Houses in Frankston is $804,934 while the median value for Units is $553,702.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 143 properties listed for sale, and 71 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 984 properties were sold in the past 12 months in Frankston.

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Contact agent
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Andrew Milne
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OBrien Real Estate Frankston
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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.