318 Nepean HighwayFrankston VIC 3199
Property Details for 318 Nepean Hwy, Frankston
318 Nepean Hwy, Frankston is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 517m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (December 2020)
A unique opportunity has hit the market within Frankstons best kept secret.
Proudly perched on Kananook creek, this home presents stunning outlooks and a premier location. Just a few steps from Long Island, Allawah Avenue, leads you directly to Frankstons stunning shoreline, and the property is also just a short walk to vibrant cafes, Frankston train station, and bustling shopping arcades.
With its own private jetty, nestled within a sanctuary of green vistas and complete serenity lies three eccentric, self-contained spaces - all in a world of their own.
Take a journey through the centuries, starting with the original art deco home, through to an 80s vintage classic.
Self-contained area 1
A beautifully light-filled home with soaring-high ceilings, characterised by its impressive art deco architecture - from the cornices, ornate mouldings to the ceiling rosettes and chandeliers.
This three-bedroom home features original timber work, picture rails significant to the 30s and 40s and impressive curved walls and windows.
The large, light-drenched kitchen offers creek views over the well-established gardens at the rear.
Two main entrances allow for the perfect working-from-home environment, with a professional entry completely closed off from the central part of the home.
Feel safe and secure with wrought-iron security gates around the front and an elevated position from the rear.
Self-contained area 2
Venturing through a side gate and down a path of stunning greenery, find the second self-contained space. A cosy one-bedroom, one-bathroom abode, complete with a kitchenette, ample storage and a veranda frontage with a lockable shed.
With sealed staircase access, there could be extension potential to the first home, alternatively the perfect space for adult kids or even a source of income.
Self-contained area 3
Continuing down the paved footpath find an original 80s style, two-bedroom bungalow featuring an open-plan living, kitchen and dining, a home-office and a funky fitted-out bathroom with an original clawfoot bathtub.
This quirky pad features vintage timber cladding, exposed brick and a wall-mounted dining table.
Here lies a rare opportunity to secure a fine piece of real estate for a fraction of what they sell for on the other side of the creek.
This diverse property holds endless potentials for the astute buyer. Families with adult kids looking to move into the bungalow, elderly parents making use of the space as a granny flat or leasing and monetising over the second and third spaces.
Location, flexible investment, work-from-home, rebuild/restore, history there are endless possibilities, and so much to be excited about!
Property History for 318 Nepean Hwy, Frankston, VIC 3199
- 12 Dec 2020Sold for $951,000
- 11 Nov 2020Listed for Sale CONTACT AGENT
- 29 May 2015Listed for Rent $250 / week
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 21,754 properties. Over the last 5 years, Houses in Frankston have seen a 38.00% increase in median value, while Units have seen a 33.85% increase. As at 31 December 2025:
- The median value for Houses in Frankston is $863,752 while the median value for Units is $590,364.
- Houses have a median rent of $575 while Units have a median rent of $490.
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