23/242 Cranbourne Road, Frankston, VIC 3199 sold on 29 July 2026 | OnTheHouse
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Sold on 29 Jul 2026 for $545,000

23/242 Cranbourne Road
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 87m2
Land area: 257m2
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Property Details for 23/242 Cranbourne Rd, Frankston

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.

Building Type
Unit
Year Built
1995
Floor Size
87m2
Land Size
257m2
Local Government
Frankston
Lot/Plan
23/PS321534

Last Listing description (August 2026)

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.

Property History for 23/242 Cranbourne Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$545,000
29 Jul 2026
Listed for Rent
$230/w
01 Oct 2008
  • 29 Jul 2026
    Sold for $545,000
  • 14 Jul 2026
    Listed for Sale $530,000 - $580,000
  • 21 Sep 2020
    Sold for $411,000
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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 21,832 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:

  • 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.
There are currently 140 properties listed for sale, and 70 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1025 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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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.