127 Overport Rd, Frankston South is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 3456m2 and floor size of 240m2. While the property is not currently for sale or for rent, it was last sold in August 2001.
Set on an impressive allotment of approximately 3,456 m, this property presents a rare and versatile opportunity for astute buyers. Subject to council approval ("STCA"), the site offers potential for subdivision, making it an ideal canvas for a range of residential or commercial outcomes.
The existing improvements include a substantial family home plus a fully self-contained, modern unit, providing both immediate functionality and strong future development appeal:
Main Residence:
Self-Contained Unit:
Fully renovated throughout with a modern kitchen featuring a four-burner gas stove, electric oven and large pantry.
Spacious open-plan living area.
Bedroom with wall-to-wall built-in robes.
Contemporary bathroom.
Enclosed artist's studio/sunroom offering flexibility for creative or lifestyle use.
Land & Surrounds:
The extensive grounds feature established fruit trees including apricot, pear, nectarine, plum, apple, quince and olive, along with a large garden shed. There's ample space to create your dream property and perhaps further enhance the property with a pool, tennis court or additional landscaped gardens.
Location & Potential Uses:
Zoned for Frankston High School and close to Toorak College, Derinya and Woodleigh Primary Schools, the property is ideally positioned for families. Its configuration and scale also lend themselves to a variety of future uses including medical, dental, chiropractic, day-care, aged care or residential redevelopment (STCA).
Strategically located within reach of public transport, local schools, Frankston's vibrant town centre, and beautiful beaches, this site aligns with recent government planning initiatives encouraging higher-density housing across Victoria (STCA).
This is a remarkable opportunity to capitalise on a substantial landholding with immediate appeal and significant future potential. Properties of this calibre are increasingly rare act quickly to secure this exceptional site.
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At Caris & Grace, all our properties are advertised at genuine prices - there is often more than one interested buyer for the same property and all buyers are given a fair and equal opportunity to make their best offer.
A note to buyers: all information (including but not limited to the property area, floor size, price, address, general property description, any income, rentals, dimensions, areas, zoning and permits) have been provided to Caris & Grace by third parties and accuracy cannot be guaranteed - although care is taken when preparing this information, information contained on this advertisement should not be relied upon and you should make your own enquiries and seek legal and financial advice in respect of any property listed for sale. Prices displayed are current at the time of issue, but may change and are subject to availability. Photos have been digitally staged to reflect the potential of the property, fixtures and fittings have remained the same to the best of the digital operator's ability.
The size of Frankston South is approximately 14.6 square kilometres. There are 36 parks, covering nearly 10.1% of the total area. The population of Frankston South in 2016 was 18199 people. By 2021 the population was 18801 showing a population growth of 3.3% in the area during that time. The predominant age group in Frankston South is 40-49 years. Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation.In 2021, 78.30% of the homes in Frankston South were owner-occupied compared with 76.20% in 2016.
Frankston South has 8,139 properties. Over the last 5 years, Houses in Frankston South have seen a 11.72% increase in median value, while Units have seen a 6.14% increase. As at 31 July 2026:
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