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Back 21 Parer Street
Off Market

21 Parer Street

Frankston VIC 3199

2
1
3
644 m²
House
Last sold for $675,000
Aaron FrolingAaron Froling, last sold this property on 22 May 2026 after 10 days on market.

Overview

A Rare Frankston Opportunity with Provenance, Position & Untapped Potential

A Rare Frankston Opportunity with Provenance, Position & Untapped Potential Held by one of Australia's most enduring Winter Olympians for almost four decades, this is a property rich in history, character and future potential positioned in one of Frankston's most strategically connected locations. Set on approximately 644m², 21 Parer Street, Frankston presents a rare opportunity for renovators, investors and developers alike to secure a substantial parcel with exceptional underlying fundamentals and multiple future pathways (STCA). Beyond its timeless street presence, the home offers generous proportions, high ceilings and the type of original character increasingly difficult to find. While the property now requires significant cosmetic improvement following a challenging tenancy, the foundations for transformation are already in place. Previously renovated and extensively re-plastered and insulated during earlier years, the home retains strong structural integrity and "good bones" creating an ideal canvas for those with vision. The flexible floorplan comprises three bedrooms (or two plus study), expansive living zones and a large enclosed rear sunroom/laundry area, all complemented by an east-west orientation that allows excellent natural light throughout the day. Positioned within walking distance to Frankston Hospital, Monash University, Frankston Train Station and major retail amenities, the location further enhances the property's appeal for owner-occupiers, investors and future development outcomes. Outside, the home combines classic weatherboard charm with older-style cladding to the side sections, presenting clear scope for modernisation and substantial value uplift. Multiple Opportunities Await Renovators Restore and enhance a character-filled home with generous proportions and ceiling heights rarely seen in modern construction. Investors Explore strong rental or rooming house potential with excellent proximity to major employment, education and transport infrastructure (STCA). Developers Generous land dimensions and central positioning create exciting possibilities for future redevelopment or multi-unit consideration (STCA). Properties offering this combination of history, scale, location and untapped upside are becoming increasingly difficult to secure within Frankston's evolving market.

Features

2 bedrooms
1 bathroom
3 carspaces
644 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Frankston over the last 12 months, the estimated median property value of 21 Parer Street is $669k.

Median value
$669k
Estimated value range
$250k - $2.25m
Median days on market
20
Estimated value trend
11%
increase 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 21 Parer Street

2026
Sold
$675,000
Private Sale/Treaty on 22 May 2026 by Aaron Froling, of fosterfroling Real Estate

Happy sellers in Frankston

90%
90% 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 202 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom houses in Frankston

In the last 12 months, 47 two-bedroom houses similar to 21 Parer Street, have been sold.

This represents a 6% increase in two-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Frankston

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Michael McClure

Sellers who recommend Michael McClure have praised them for being clear communication, local expert, honest, friendly, supportive, reliable and responsive

  •   4.9   (475 reviews)
  •  43 Reviews in Frankston
  •  41 Sales in Frankston
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Luke Magree

Sellers who recommend Luke Magree have praised them for being clear communication, local expert, responsive, supportive, honest, friendly and well-prepared

  •   5   (256 reviews)
  •  34 Reviews in Frankston
  •  100 Sales in Frankston
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Adam Price

Adam Price is a recommended agent for Frankston.  They have 24 local sales and collected 18 local reviews across the last 12 months.

  •   5   (104 reviews)
  •  18 Reviews in Frankston
  •  24 Sales in Frankston
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Juan Merchan

Sellers who recommend Juan Merchan have praised them for being local expert, clear communication, supportive, reliable, honest, great negotiation and friendly

  •   4.9   (269 reviews)
  •  13 Reviews in Frankston
  •  18 Sales in Frankston
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