3/5 Lorraine Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

3/5 Lorraine Street
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 117m2
Land area: 152m2
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Property Details for 3/5 Lorraine St, Frankston

3/5 Lorraine St, Frankston is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2023. The property has a land size of 152m2 and floor size of 117m2.

Building Type
House
Year Built
2023
Floor Size
117m2
Land Size
152m2
Local Government
Frankston
Lot/Plan
3/PS843028

Last Listing description (February 2026)

Welcome to the epitome of modern convenience and coastal lifestyle. This near-new townhouse is perfectly positioned in a thriving Frankston pocket. Just moments from Bayside Shopping Centre, Frankston CBD, the train station, TAFE, Kingswood Golf Club, PARC, popular eateries, schools, and the beach, this is an exceptional opportunity for families, investors, or professionals seeking a balanced lifestyle.

The home offers open-plan living and dining with a split system air conditioner, seamlessly flowing to a low-maintenance astro-turf pergola area. The sleek kitchen boasts stone benchtops, stainless steel appliances (including a dishwasher), and a handy breakfast bar. A powder room, laundry, and extra storage add everyday convenience.

Upstairs, the master features a built-in robe, a luxe ensuite with double vanity, and air conditioning. Two further bedrooms, one with built-in robe and both with air conditioning, are complemented by a sleek central bathroom. Complete with a single lock-up garage, as well as space for an additional car in the driveway, water tank, shed, and private backyard.

Whether you're looking to live in or lease out, this modern residence offers the perfect mix of comfort, quality, and convenience in one of Melbourne's fastest-growing bayside hubs.

Property History for 3/5 Lorraine St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Listed for Rent
$525/w
19 Apr 2023
  • 19 Jun 2025
    Listed for Sale $645,000 - $709,500
  • 30 Mar 2023
    Listed for Rent $525 / 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 21,757 properties. Over the last 5 years, Houses in Frankston have seen a 37.92% increase in median value, while Units have seen a 37.00% increase. As at 31 January 2026:

  • The median value for Houses in Frankston is $874,464 while the median value for Units is $593,610.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 98 properties listed for sale, and 64 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1166 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.