FOR SALE
$2,200,000 - $2,400,000

4,4a,5 Douglas Grove
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3302m2
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Offers Invited, Vendor Negotiable!

Buy one or all, lots can be sold separately!
Situated in the thriving and expanding precinct, Lots 4, 4A & 5 Douglas Grove, Frankston present an enticing Flexible Residential Development opportunity in one of Victoria's fastest-growing suburbs.
This prime landholding spans a total of 3302m2* (approx.) and boasts a substantial 60.63m* street frontage to Douglas Grove, capitalizing on major infrastructure upgrades in the area.
Location is key, with the property strategically positioned only 800m* from the pristine Frankston Beach along Port Phillip Bay, approximately 800m* to the Frankston Train Station, and 600m* to the bustling Bayside Shopping Centre.
The flexibility of this development opportunity in a Residential Growth Zone, aligning with the evolving landscape of the precinct, making it an ideal investment for those seeking to capitalize on the region's growth potential. With easy access to Melbourne CBD, this property not only promises a significant Residential development venture but also offers proximity to highly sought-after amenities, making it a strategic and valuable investment in the heart of Frankston.
* Approx.
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the
Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure
the accuracy of, the information contained herein. The Company accepts no responsibility or liability for
any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised
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Property Details for 4,4a,5 Douglas Gr, Frankston, VIC 3199

Building Type
Land
Land Size
3302m2

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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 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.

Frankston has 21,625 properties. Over the last 5 years, Houses in Frankston have seen a 25.61% increase in median value, while Units have seen a 22.65% increase. As at 31 October 2024:

  • The median value for Houses in Frankston is $722,720 while the median value for Units is $505,673.
  • Houses have a median rent of $550 while Units have a median rent of $453.
There are currently 136 properties listed for sale, and 65 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 910 properties were sold in the past 12 months in Frankston.

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