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Back 28 Cranbourne Road
Off Market

28 Cranbourne Road

Frankston VIC 3199

4
2
9
758 m²
House
Last sold for $1,150,000
Andrew MilneAndrew Milne, last sold this property on 14 April 2026 after 17 days on market.

Overview

Premium Corner Holding at Frankston's Very Gateway

Occupying a commanding 758 sq. metre (approx.) corner on Frankston's most prominent entry corridor, this income-producing medical asset presents an exceptional opportunity for immediate returns and long-term capital ambitions. Sites of this visibility, versatility, and immediate income rarely align, and at a gateway intersection of this significance, they are rarer still. Converted for medical use and leased until October 2027, the building houses three plumbed consultation suites, a dedicated reception and sizeable waiting area, a private office, a staff tea room with a kitchenette, a central bathroom, and nine sealed on-site carparks with direct Willis Street access sit to the rear, all configured to meet the needs of its functioning pathology clinic. Zoned to accommodate construction of up to four storeys (STCA), the address invites a bold repositioning as a multi-level mixed-use development at one of Frankston's highest-visibility intersections. The generous Willis Street frontage lends itself to a multi-duplex configuration or apartment complex for those seeking more measured yield, while alternatively, the existing building retains the bones and proportions for conversion back to a spacious single dwelling. Metres from buses, PARC Recreation Centre, Chisholm TAFE, Power Centre shops, M3 freeway access, Monash University, public and private hospitals, and Frankston's burgeoning CBD and foreshore precincts, there are few sites that carry such breadth of possibility - a functioning business, a blank canvas, and a gateway address, held in a single premium title.

Features

4 bedrooms
2 bathrooms
9 carspaces
9 open car spaces
758 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Frankston over the last 12 months, the estimated median property value of 28 Cranbourne Road is $931k.

Median value
$931k
Estimated value range
$656k - $1.61m
Median days on market
21
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 28 Cranbourne Road

2026
Sold
$1,150,000
14 Apr 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 4 bedroom houses in Frankston

In the last 12 months, 156 four-bedroom houses similar to 28 Cranbourne Road, have been sold.

This represents a 9% increase in four-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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Luke Magree

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

  •   5   (252 reviews)
  •  41 Reviews in Frankston
  •  100 Sales in Frankston
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Michael McClure

Michael McClure is a recommended agent for Frankston.  They have 35 local sales and collected 37 local reviews across the last 12 months.

  •   4.9   (463 reviews)
  •  37 Reviews in Frankston
  •  35 Sales in Frankston
View profile
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Adam Price

Sellers who recommend Adam Price have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and well-prepared

  •   5   (103 reviews)
  •  19 Reviews in Frankston
  •  22 Sales in Frankston
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Brooke Wegener

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

  •   4.9   (174 reviews)
  •  13 Reviews in Frankston
  •  18 Sales in Frankston
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