40 Kareela Road, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

40 Kareela Road
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 724m2
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Property Details for 40 Kareela Rd, Frankston

40 Kareela Rd, Frankston is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 724m2. While the property is not currently for sale or for rent, it was last sold in September 2016.

Building Type
House
Land Size
724m2
Local Government
Frankston
Lot/Plan
10/LP51068

Last Listing description (August 2026)

Positioned on a prized corner allotment in a well-connected pocket of Frankston, this beautifully refreshed home offers exceptional flexibility and lifestyle appeal. Thoughtfully updated throughout, the versatile floorplan provides the option of two spacious living areas or a third bedroom/home office, making it ideal for families, couples working from home or those seeking extra space to spread out and enjoy.

Features include:

- Flexible floorplan offering 2 bedrooms, 2 bathrooms and 2 living zones

- Second living area can easily function as a third bedroom, home office or rumpus room
- Updated kitchen with modern finishes
- Refreshed bathrooms
- Freshly painted throughout
- Brand new carpet
- Secure garage accommodation
- Additional off-street parking to the rear with roller door access, ideal for a trailer, boat or extra vehicles
- Positioned on a corner allotment with excellent accessibility
****Dishwasher to be excluded from tenancy.

Perfectly located within walking distance to local favourites including Two Boys One Beagle, A Coffee Shop and Herbert's Corner Store, the home enjoys a genuine neighbourhood atmosphere. Families will appreciate the proximity to Frankston East Primary School, St Johns Primary and McClelland Secondary College, while Ballam Park, local reserves, major shopping centres and the Frankston foreshore are all just moments away.

Offering comfort, convenience and an incredibly versatile layout, this is a home that can easily adapt to your lifestyle needs. Whether you require additional living space, a dedicated work-from-home setup or the flexibility of a third bedroom, this property delivers endless possibilities in a sought-after location.

***It is a requirement of entry to all Ray White Frankston Rental Inspections that a valid photo ID is presented to the Leasing Agent. Information not limited to name and ID number may be recorded in accordance with our Privacy Policy.***

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Ray White Frankston will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.

Property History for 40 Kareela Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$515,000
26 Sep 2016
Listed for Rent
$395/w
01 Oct 2021
  • 17 Jul 2026
    Listed for Rent $650 / week
  • 24 Mar 2026
    Listed for Sale DUAL OCC - $950,000 - $990,000
  • 14 Sep 2021
    Listed for Rent $395 / week
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About 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 21,776 properties. Over the last 5 years, Houses in Frankston have seen a 11.22% increase in median value, while Units have seen a 16.96% increase. As at 31 July 2026:

  • The median value for Houses in Frankston is $829,312 while the median value for Units is $572,690.
  • Houses have a median rent of $599 while Units have a median rent of $500.
There are currently 132 properties listed for sale, and 73 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1055 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.