310 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

310 Nepean Highway
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 162m2
Land area: 459m2
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Property Details for 310 Nepean Hwy, Frankston

310 Nepean Hwy, Frankston is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 459m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
House
Year Built
1940
Floor Size
162m2
Land Size
459m2
Local Government
Frankston
Lot/Plan
6/LP6734

Last Listing description (May 2024)

A wonderful opportunity to secure a key site in Frankston with plans and permits for For construction of a four (4) storey building comprising a semi-basement, eighteen (18) dwellings and cafe (this is 302-308 Nepean Highway). Additional site is 310 Nepean Highway (site is one dwelling on 461sqm of land and currently leased). Total offering of approx 2,590sqm.

GATEWAY OF FRANKSTON // RARE MARKET OPPORTUNITY
Gateway site

Bay and creek views
Discretionary height limit
Only a heartbeat to Frankston beach with a discretionary height limit, featuring access to beach and creek vistas is this rare 2,590.75m2 holding, zoned for mixed-use.

Strewn like a million sapphires these breathtaking bay views can be absorbed from either endorsed plans (302-308 Nepean Highway) or your dream development, which according to Frankston City Council is a "gateway site", including with exemptions from both setback controls and pedestrian links.

Frankston are building a bigger, bolder CBD that continues to see healthy private and government investment, and this opportunity for two titles including a potential third is unseen. Don't wait, enquire now about how you can secure this gem!

THE DETAILS
- 2,590.75m2, with a 107.5m frontage, 38.65m deep
- MUZ with commercial and residential opportunities include apartments; residential aged care; accommodation; service station; retail and office; leisure and recreation (other than informal outdoor recreation); medical centre and allied health; place of assembly; and any other permitted uses
- Income from a 4-bedroom home, with a tenancy and sprawling backyard; and subject to securing the third title off-market a 2-bedroom home
- Picturesque setting with access to beach and creek views; in addition to plenty of kayaking and fishing fun!
- Gould Street, Long Island beach and tennis amenities are a minute walk over the Kananook Creek footbridge or via the footpath
- Strong access via the Nepean Highway and Mornington Peninsula Freeway
- Walking distance to Frankston CBD and a smorgasbord of restaurants

Please call to discuss this opportunity further on 0458323782.

Property History for 310 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$800,000
06 Aug 2022
Listed for Rent
$550/w
16 Dec 2022
  • 27 Mar 2024
    Listed for Rent $550 / week
  • 25 Oct 2023
    Listed for Sale $5.2m to $5.5m
  • 18 Oct 2022
    Listed for Rent $550 / 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 21,668 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:

  • The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
  • Houses have a median rent of $590 while Units have a median rent of $490.
There are currently 136 properties listed for sale, and 66 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1161 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.