28 Lee StreetFrankston VIC 3199
Property Details for 28 Lee St, Frankston
28 Lee St, Frankston is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 1158m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (September 2024)
28 LEE STREET FRANKSTON
Delivering enviable appeal for astute developers keen to commence their next project. Situated in one of the most desirable and peaceful pockets of Frankston, sitting on a huge block measuring 1166sqm approx. comes complete with approved plans and permits for four double-storey townhouses. Outlined in the approved plans, the townhouses each offer a three-bedroom, three-bathroom configuration, with an open plan living, dining and kitchen domain, courtyard, 4th toilet, laundry facilities plus garaging for two cars per unit.
In the interim, you can choose to lease out the existing 4 bedroom, 2 bathroom home to maximise your investment potential while you prepare to kickstart construction. This strategic move allows you to optimise your returns as you move forward with your development plans. Perfectly positioned in the heart of Frankston surrounded by parks, reserves and local amenities, such as Jubilee Park, Lipton Reserve Lee Reserve, it is a quick access to M3 Frankston Freeway and Cranbourne Road. Having the Frankston Heights Primary School and Monash University Peninsula Campus moments away, every box is ticked with Frankston Hospital and Leawarra Train Station around the corner. Shoppers can enjoy local shops as well as the Frankston Power Centre, Karingal Hub, Bayside Centre. This is an extraordinary chance for savvy developers and long-term investors, as such opportunities are indeed a rarity.
Terms: 5/10% deposit, balance 30/60 days
Property History for 28 Lee St, Frankston, VIC 3199
- 03 Jun 2024Listed for Sale Not Disclosed
- 23 Nov 2023Listed for Sale Not Disclosed
- 20 Sep 2022Listed for Sale Contact Agent
Recent sales nearby
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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.
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