231 Cranbourne Rd, Frankston is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 570m2 and floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 4 bedroom House sold in Frankston in the last 12 months.
Perfect for families or savvy investors, this property offers a comfortable and convenient lifestyle at an attractive price point. Positioned just 1km from Karingal Shopping Centre and within walking distance to local shops and hospitals, it presents a rare opportunity to secure a generous block in one of the peninsulas fastest-growing suburbs.Whether you're looking to move in, invest, or explore development options (STCA), this solid four-bedroom home is loaded with potential.Key Features4 bedrooms, 2 bathrooms2 spacious living areasDouble carport plus additional front entrance for 3 more cars.Step inside to discover a functional and inviting layout featuring four well-sized bedroomsincluding a super-sized master with ensuitea central bathroom, two living zones, and a practical kitchen and meals area. The home is immediately liveable or rentable, allowing you to generate income while planning future improvements or developments.What truly sets this property apart is its generous block size paired with an unbeatable location. Just moments from Peninsula Link, public transport, local amenities, and Frankstons vibrant CBD, youll also enjoy close proximity to excellent schools, parks, and the stunning bay beaches.For more information, contact Karen Day on 0490 242 303.
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 21,738 properties. Over the last 5 years, Houses in Frankston have seen a 28.17% increase in median value, while Units have seen a 31.91% increase. As at 31 March 2026:
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