Back 245 Heatherhill Road
Off Market

245 Heatherhill Road

Frankston VIC 3199

650 m²
Land
Last sold for $640,000
Andrew MilneAndrew Milne, last sold this property on 08 February 2026 after 117 days on market.

Overview

Build Your Dream Home on 651m² in the Sought-After Lakewood Estate – A Rare Opportunity!

This vacant, slightly elevated 651m² parcel of land in the prestigious Lakewood Estate presents a rare opportunity to build your dream home. Surrounded by substantial homes, this level block offers the perfect foundation for creating a custom-designed residence tailored to your personal needs (STCA). With a flat building area and a slightly elevated position, this block may offer lovely views across the treetops and the surrounding neighbourhood, especially if you opt for a two-storey design. It's an ideal spot for those looking to build a modern home in a central and family-friendly location. Conveniently situated, you'll be just minutes away from Kingsley Park Primary School and Mt Erin Secondary College, making it a fantastic choice for families. For outdoor activities, Witternberg Reserve and its updated playground are just a short stroll away, offering a perfect space for kids to play and for enjoying nature. Shopping is a breeze, with Shaxton Circle just 600m down the road, offering cafés, takeaways, and local shops. A quick drive will also take you to Towerhill shops, Heatherhill Road, and the new Ritchies supermarket. Plus, with easy access to Peninsula Link freeway, Frankston Hospital, Monash Peninsula campus, the train station, Frankston CBD, and the beach, this location is perfect for both commuting and leisure. https://www.obrienrealestate.com.au/office/obrien-real-estate-frankston/22161

Features

650 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 245 Heatherhill Road is $625k.

Median value
$625k
Estimated value range
$385k - $765k
Median days on market
135
Estimated value trend
-7%
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 245 Heatherhill Road

2026
Sold
$640,000
08 Feb 2026 by Andrew Milne, of OBrien Real Estate Frankston

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 217 reviews in Frankston over the last 12 months.

Local market activity for land plots in Frankston

In the last 12 months, 8 land plots similar to 245 Heatherhill Road, have been sold.

This represents a 28% decrease in land plots sales when compared to the previous 12 months.

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