21 Lambert St, Frankston North is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 587m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Offering buyers a range of options, this property presents a great opportunity for rental, renovation, sub-division or a rebuild (subject to council approval) making it ideal for investors or developers. Alternatively it would also be suitable for 1st home buyers or families looking for a home to make their own, either with just a little TLC or as a complete update.
The fenced and gated property provides a spacious front garden and off-street parking, and inside it boasts ducted evaporative cooling and split system reverse cycle air-conditioning, plus a combination of slate tiles and timber floorboards throughout. Enter into a spacious open-plan living/dining room with flued wood burner, alongside a timber kitchen with plenty of storage, a built-in oven/grill, gas cooktop and a view over the garden.
A hallway leads to 3 good-sized bedrooms which are serviced by a bathroom with shower and vanity, plus separate toilet and large laundry with garden access. Outside, the large back garden is fully-fenced and includes a patio area, lemon tree and shed.
In this family-friendly location, the home is moments to a milk bar, Mahogany Rise Primary School, Monterey Community Park, the Pines Aquatic Centre, and bus stops, and walking distance to shops and Monterey Secondary College. It's also just a short drive to freeway access, Frankston CBD and beaches.
Open-plan living, dining and kitchen
3 bedrooms
Bathroom, WC, laundry
Spacious gardens
Potential to sub-divide (STCA)
https://www.obrienrealestate.com.au/office/obrien-real-estate-frankston/22161
The size of Frankston North is approximately 5.1 square kilometres. It has 17 parks covering nearly 37.0% of total area. The population of Frankston North in 2016 was 5762 people. By 2021 the population was 5711 showing a population decline of 0.9% in the area during that time. The predominant age group in Frankston North is 30-39 years. Households in Frankston North are primarily single parents and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston North work in a trades occupation.In 2021, 52.20% of the homes in Frankston North were owner-occupied compared with 51.10% in 2016.
Frankston North has 2,779 properties. Over the last 5 years, Houses in Frankston North have seen a 53.89% increase in median value, while Units have seen a 51.86% increase. As at 30 November 2025:
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