23/242 Cranbourne Rd, Frankston is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1995. The property has a land size of 257m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 2 bedroom Unit sold in Frankston in the last 12 months.
Privately positioned at the rear of a well-maintained and quiet complex, this light-filled two-bedroom unit offers an excellent opportunity for first home buyers, downsizers and investors seeking a low-maintenance home in a convenient Frankston location.
Enjoying a bright north-facing aspect, the home features separate living and dining areas that provide comfortable spaces to relax or entertain. The well-appointed kitchen includes a Fisher & Paykel oven and dishwasher, a gas cooktop and ample storage, with a pleasant outlook over the sun deck and private, low-maintenance outdoor entertaining area.
Both bedrooms are generously sized, with the main bedroom offering a spacious walk-in robe and semi-ensuite access to the central bathroom. Additional features include gas wall heating, evaporative cooling, a split-system, external blinds, ceiling fans and a double lock-up garage, ensuring comfort and practicality throughout.
Positioned within a quiet complex, with private gated access to Ballam Park, the property is ideally located just moments from walking and cycling trails, Karingal Hub Shopping Centre, cafs, restaurants, cinemas and public transport. The home is also within easy reach of local primary schools, McClelland College, Frankston Hospital, Monash University, Frankston Beach, Frankston CBD and the Mornington Peninsula Freeway.
Offering a combination of comfort, convenience and easy-care living, this is a fantastic opportunity to secure a home in a sought-after Frankston location.
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 21,832 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:
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