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Back 5 Gulwa Ave
Off Market

5 Gulwa Ave

Frankston VIC 3199

3
1
582 m²
House
Last sold for $710,000
John LewisJohn Lewis, last sold this property on 20 November 2025 after 2 days on market.

Overview

Bring your tool bag. Endless Possibilities in the Frankston High School Zone

Positioned in one of Frankston’s most sought-after pockets, this rare opportunity at 3 Gulwa Avenue offers huge potential for renovators, developers, investors, or those looking to create their dream home from the ground up. Sitting on an approx. 580m² block with no easements, the property provides exceptional flexibility for future plans — whether that’s a full renovation, a complete knockdown and rebuild, or the possibility to add another dwelling at the rear (STCA). Wide access and an open backyard further enhance its development appeal. The existing home is an original weatherboard residence, packed with character and ripe for transformation. Offering; 3 bedrooms, large lounge and dining room, original kitchen and bathroom there is plenty of opportunity to reconfigure or extend The location is absolutely first-class. Nestled within the highly respected Frankston High School Zone, the home is also just a short walk to Frankston Heights Primary School, Leawarra Station, Monash University, Jubilee Park and the associated sporting grounds there and convenient bus services. Everything a family, student, or commuter could want is right at your doorstep. Whether you’re seeking your next project, a development site, or a tightly held address to build your future, this property offers unmatched potential in a blue-chip location. Opportunities like this are becoming increasingly rare — secure your future in one of Frankston’s most desirable areas today. Inspections by appointment only

Features

3 bedrooms
1 bathroom
582 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Frankston over the last 12 months, the estimated median property value of 5 Gulwa Ave is $829.95k.

Median value
$829.95k
Estimated value range
$380k - $1.84m
Median days on market
22
Estimated value trend
14%
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 5 Gulwa Ave

2025
Sold
$710,000
Private Sale/Treaty on 20 Nov 2025 by John Lewis, of Us Real Estate
2014
Sold
$420,000
Private Sale/Treaty on 01 Jun 2014 by John Lewis, of Us 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 217 reviews in Frankston over the last 12 months.

Local market activity for 3 bedroom houses in Frankston

In the last 12 months, 381 three-bedroom houses similar to 5 Gulwa Ave, have been sold.

This represents a 2% increase in three-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
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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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