302-308 Nepean HighwayFrankston VIC 3199
Property Details for 302-308 Nepean Hwy, Frankston
302-308 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom House with 3 parking spaces and was built in 1970. The property has a land size of 2137m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (February 2026)
Seize this rare chance to acquire a prominent development site on Nepean Highway, Frankston, with an approved planning permit for a four-storey mixed-use building comprising 18 apartments and commercial applications (subject to further approval). The site boasts a highly visible street frontage, perfectly suited for vibrant caf tenancies, while offering an enviable location for quality apartment living.
Situated in the heart of the Frankston Activity Centrean area undergoing significant transformation and investmentthe property is just minutes from Frankston Central, local beaches, transport, and all essential amenities. The Frankston Activity Centre Plan and recent planning scheme amendments provide clear guidance for development, supporting higher-density, mixed-use projects that enhance the area's liveability and economic vibrancy.
With the council's renewed focus on height limits, built form controls, and the delivery of new homes and commercial spaces, this opportunity is perfectly positioned to capitalise on Frankston's evolving cityscape. Close proximity to the foreshore, public transport, and a thriving retail and dining precinct ensures strong demand for both residential and commercial uses.
Secure your stake in Frankston's futurethis is an outstanding investment for forward-thinking developers and investors.
Property History for 302-308 Nepean Hwy, Frankston, VIC 3199
- 26 Nov 2025Listed for Sale $3,700,000 to $3,800,000
- 23 Jun 2025Listed for Sale $3,700,000 to $3,800,000
- 14 Oct 2021Sold for $2,000,000
Recent sales nearby
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0About 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 21,675 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:
- The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
- Houses have a median rent of $590 while Units have a median rent of $490.
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