Positioned on a generous 618m² corner allotment at the intersection of Mereweather Avenue and Douglas Grove, this 1960s classic delivers a rare range of options, from ready to enjoy family home, high yield investment, or exciting development site in one of Frankston's most sought-after pockets. This beautifully maintained home has been thoughtfully updated for modern living while retaining its timeless charm.
Stunning interiors: Gleaming polished hardwood floors throughout a light filled, open plan layout with spacious living and separate dining areas.
Modern comforts: Split-system air conditioning and heating for year-round ease.
Connectivity: NBN Fibre to the Premises (FTTP) ready.
Medical & Professional Hub: Moments from the newly opened Peninsula University Hospital (January 2026, $1.1 billion redevelopment), driving massive demand for quality housing among healthcare workers, students, and staff.
Beachside Lifestyle: An easy, flat stroll (approx. 350500m) to Frankston Beach, Kananook Creek trails, and waterfront parks.
Education & Amenities: Close to Monash University Peninsula Campus, Bayside Shopping Centre, excellent schools, and the Frankston Transport Interchange (train, bus, and freeway access).
Developer's Edge HCTZ2 Zoning
Zoned under the progressive Housing Choice and Transport Zone (HCTZ2), this corner site is ideally positioned for future growth in Frankston's revitalisation. Dual street frontage offers excellent flexibility for access, design, and potential higher density residential development (subject to council approval STCA). Heights of up to around 1113.5m (34 storeys) are supported in the zone depending on site specifics and planning outcomes.
Whether you seek a beachside sanctuary, a secure investment with proven rental appeal, or a high-potential development asset in the heart of Frankston, this is a standout opportunity.
Disclaimer: I acknowledge that this advertisement provides information as a guide only. RS Real Estate & Co does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.
