16 Lee Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

16 Lee Street
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
Floor area: 143m2
Land area: 746m2
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Property Details for 16 Lee St, Frankston

16 Lee St, Frankston is a 1 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 746m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
Unit
Floor Size
143m2
Land Size
746m2
Local Government
Frankston
Lot/Plan
53/LP43630

Last Listing description (February 2024)

For the head: Situated on a prime 746 sqm allotment, directly opposite Lipton Reserve, this fabulous property comprises a single-level three-bedroom family residence plus a fully self-contained one-bedroom unit all on the one title. The main residence has a striking cathedral ceiling in the open-plan living dining and kitchen, and views of the established gardens from almost every room. The master bedroom with walk-in robe and the two additional bedrooms with built-in robes, are all served by a central family bathroom with bath, shower and separate toilet. The cooks kitchen has a 900 mm gas cooktop and oven, breakfast bar and plenty of storage. A large sunroom to the rear of the home provides additional living space and could serve as a games room or work-from-home space. The real bonus of this property is the well-equipped bungalow at the rear comprising kitchen, bathroom/laundry, bedroom, and its own additional sunroom/studio. The garden has been curated over many years and is cascading with a unique collection of flowers and trees and creates a delightful sense of serenity and sun-dappled light throughout this home. Additional features of the property include reverse cycle heating and cooling, ceiling fans, solar panels, heat-pump hot water system, sheds and excellent off-street parking for several vehicles. The home is located close to Frankston East Primary, McClelland Secondary College, Monash University Peninsula Campus, the Beach Street shopping precinct and Karingal Hub.


For the heart: The beautiful garden surrounds of this home have been the inspiration for many years of an awarded childrens book author. This dreamy property in its fabulous parkside location is now set to motivate a new owner the dual dwellings will appeal to multigenerational families, while investors and developers will recognise the immense potential to land-bank, renovate or further develop the site STCA. The home is close to everything this suburb has to offer schools, shops, sporting facilities and beaches are all in easy reach. Youre also close to all the amenities of the fabulous Beach Street shopping village including cafes, restaurants, post-office and a supermarket. Access to surrounding suburbs and the CBD is a breeze via EastLink and the Mornington Peninsula is a short drive down Peninsula Link.

Note that some internal images have been digitally styled.

Property History for 16 Lee St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$700,000
17 Feb 2024
Listed for Rent
$210/w
01 Jul 2016
  • 17 Feb 2024
    Sold for $700,000
  • 14 Nov 2023
    Listed for Sale Not Disclosed
  • 20 Jun 2016
    Listed for Rent $210 / week
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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 21,756 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 64 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1184 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.