5/242 Cranbourne Road, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

5/242 Cranbourne Road
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 242m2
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Property Details for 5/242 Cranbourne Rd, Frankston

5/242 Cranbourne Rd, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 242m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in August 2009.

Building Type
Unit
Year Built
1993
Floor Size
87m2
Land Size
242m2
Local Government
Frankston
Lot/Plan
5/PS321534

Last Listing description (May 2022)

This charming unit in a well maintained complex is located close to shops, schools, transport and freeway access

Spacious lounge with Split System Heating/Cooling

Kitchen with ample storage, plus meals area with gas heating
2 spacious bedrooms with robes and a central bathroom
Outdoor undercover deck perfect for entertaining, plus spacious garden & single garage
Exterior sun blinds, freshly painted, new carpet, curtains, stove and shower

Property History for 5/242 Cranbourne Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$290,000
06 Aug 2009
Listed for Rent
$350/w
19 May 2022
  • 21 Apr 2022
    Listed for Rent $350 / week
  • 21 Dec 2020
    Listed for Rent $330 / week
  • 11 Jun 2011
    Listed for Rent - Price not available
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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 21,756 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:

  • The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 68 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1189 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.