Back 12 Cricklewood Avenue
Off Market

12 Cricklewood Avenue

Frankston VIC 3199

786 m²
Land
Last sold for $780,000
Luke MagreeLuke Magree, last sold this property on 19 May 2026 after -1 days on market.

Overview

Vacant Corner Block, Minutes to Beach, CBD and Train Station.

If you've been waiting for a serious development opportunity in a blue-chip Frankston position, this is it. Set on a large, flat 786sqm (approx) corner block in central Frankston, this property offers multiple high-yield and redevelopment pathways (STCA). There are plans prepared for an 8-bedroom rooming accommodation project with potential returns of up to approximately $160,000 per annum - an outstanding cash flow opportunity in a high-demand rental location. Alternatively, the corner position opens the door to a potential 3 luxury townhouse development, each individually titled (STCA), ideal for developers looking to capitalise on strong buyer demand for quality homes close to the CBD and coastline.The location is a major drawcard - walking distance to Frankston CBD, Frankston railway station and the beach, ensuring strong resale and rental appeal. Large, flat, corner allotments of this size and positioning are increasingly rare. Whether you're looking to develop, landbank or create a strong returning investment, 12 Cricklewood Avenue delivers flexibility, scale and prime positioning.

Features

786 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Frankston over the last 12 months, the estimated median property value of 12 Cricklewood Avenue is $632.5k.

Median value
$632.5k
Estimated value range
$385k - $780k
Median days on market
135
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Frankston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12 Cricklewood Avenue

2026
Sold
$780,000
19 May 2026 by Luke Magree, of OBrien Real Estate Frankston
2022
Sold
$760,000
15 May 2022 by Luke Magree, of OBrien Real Estate Frankston
2020
Rented
Undisclosed
Leased on 01 Apr 2020 by fosterfroling Real Estate

Happy sellers in Frankston

91%
91% of sellers in Frankston reported that their sale price either exceeded or met their price expectations.

Frankston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 216 reviews in Frankston over the last 12 months.

Local market activity for land plots in Frankston

In the last 12 months, 9 land plots similar to 12 Cricklewood Avenue, have been sold.

This represents a 42% decrease in land plots sales when compared to the previous 12 months.

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