Back 58 Cranbourne Road
Off Market

58 Cranbourne Road

Frankston VIC 3199

4
2
2
660 m²
House
Last sold for $838,000
Thomas LarkinThomas Larkin, last sold this property on 30 May 2025 after 15 days on market.

Overview

Strategic Development Site ACZ1 Zoning, 660m² with 316 Storey Capacity (STCA)

Sale by Set Date ® Tuesday, June 17th at 5pm (unless sold prior) Exceptional ACZ Investment with High-Rise Potential Heart of Frankston Positioned on the ever-busy Cranbourne Road and zoned Activity Centre Zone (ACZ), this prime property presents a rare opportunity for investors, developers, or land-bankers seeking a high-growth location with incredible future upside. With a proposed height control of 316 storeys (STCA), this site offers exceptional development potential right in the heart of Frankston's revitalised metropolitan activity centre. Currently leased at $660 per week until January 2026, the existing home is a solid four-bedroom, two-bathroom residence featuring a spacious open-plan living and dining area, a well-appointed kitchen, and a double garage. It provides excellent holding income while you plan your next move. Located within the coveted Frankston High School Zone, and just a short walk to Frankston CBD, the beach, train station, Monash University, Chisholm TAFE, and more this is a location that truly ticks every box for lifestyle, convenience, and long-term value. Opportunities like this are increasingly rare secure your position in Frankston's growth corridor today. Disclaimer: In preparing this information, Barry Plant Frankston has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you (whether written or verbal) cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate. Please note that inspection times are subject to change without notice, we suggest you check the online marketing/listing on the day.

Features

4 bedrooms
2 bathrooms
2 carspaces
660 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 58 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 58 Cranbourne Road

2025
Sold
$838,000
Private Sale/Treaty on 30 May 2025 by Thomas Larkin, of Barry Plant Frankston
2023
Rented
Undisclosed
Leased on 27 Jan 2023 by Aquire 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 218 reviews in Frankston over the last 12 months.

Local market activity for 4 bedroom houses in Frankston

In the last 12 months, 154 four-bedroom houses similar to 58 Cranbourne Road, have been sold.

This represents a 8% increase in four-bedroom houses sales when compared to the previous 12 months.

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