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Back 7 Mereweather Avenue
Off Market

7 Mereweather Avenue

Frankston VIC 3199

10
5
10
1095 m²
House
Russell MurphyRussell Murphy, last sold this property on 12 January 2026 after 52 days on market.

Overview

PASSIVE INCOME - FUTURE DEVELOPMENT

Extremely well located, only 350m to the beach, this rare offering boasts an excellent rental return of approx $105,000 per annum with enormous upside development potential. Situated in a prime location with a massive allotment of just over a quarter of an acre (1095m2 approx.), the capital improvements include four extremely spacious and very solid two-bedroom apartments plus a 5th dwelling which is a two-bedroom villa unit at the rear of the block. All 5 dwellings are fully leased and have recently undergone extensive renovation. Perfectly positioned within walking distance of John Paul College and Chisholm TAFE, and just moments from Frankston Beach, the train station, Frankston Hospital and the vibrant café and dining scene - this address delivers an unrivalled blend of lifestyle and convenience. Whether you're searching for your next investment, development site or simply land banking for future generations, this is a rare find in an exceptional location. Property Features: . 5 securely leased, fully renovated units . Mixed use zoning . Land area 1095 m2 ( approx ) . Income stream of $105,000 per annum ( approx ) . Ripe for significant development of up to six storey's ( stca ) For further details or to arrange an inspection, please call Russell at Russell Murphy Real Estate - 0407 839 184 - russell@russellmurphy***

Features

10 bedrooms
5 bathrooms
10 carspaces
1095 m² lot size
House

Estimated Value

We need at least 3 similar 10 bedroom houses sold in Frankston over the last 12 months.

Property history for 7 Mereweather Avenue

2026
Sold
Undisclosed
Private Sale/Treaty on 12 Jan 2026 by Russell Murphy, of Russell Murphy Real Estate
2023
Sold
$1,800,000
03 Apr 2023 by Adrian Foster, of fosterfroling 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 10 bedroom houses in Frankston

In the last 12 months, 1 numeral.10-bedroom house similar to 7 Mereweather Avenue, have been sold.

Nearby agents

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Luke Magree

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Michael McClure

Michael McClure is a recommended agent for Frankston.  They have 36 local sales and collected 37 local reviews across the last 12 months.

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Adam Price

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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)
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