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14 Mereweather Avenue, Frankston, Vic 3199

$880,000

House

Type

Bedrooms

Bathrooms

Parkings

805 m²

Area

Last updated on Wednesday, September 02, 2026 ( See property details for 14 Mereweather Avenue, Frankston, Vic 3199)

$880,000

View the agent price guide.

Metin Aziret Senior Sales Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Exceptional development opportunity in Frankston with approved plans for six townhouses, a current rental residence, and prime growth potential in a highly sought-after location.

🏡 Property Highlights

Strategic 805m² development site in Frankston's sought-after RGZ1 zone
Approved plans and permits for 6 architecturally designed triple-storey townhouses
Existing 2-bedroom, 1-bathroom residence providing immediate rental income
Prime location close to Frankston's activity centre, beaches, and major amenities
Flexible development options including landbanking or high-density projects (STCA)
Strong growth potential in a rapidly evolving lifestyle and infrastructure hub

✨ Key Features

Open-Plan Living
Built-in Robes
Waterfront / Views
Outdoor Area
Secure Parking
Home Office / Study
Ceiling Fans
Waterfront / Views
Open-Plan Living
External Storage (Shed/Linen)

Suburb and Property Insights of Frankston, VIC 3199

Frankston is a vibrant coastal suburb renowned for its stunning beaches, diverse amenities, and strong growth trajectory. It offers excellent connectivity via major roads and public transport, proximity to educational institutions like Monash University and Chisholm TAFE, and a lively lifestyle with shopping, dining, and recreational options. The area continues to attract investors and families seeking a dynamic community environment, making it an ideal location for future development and lifestyle living.

Frequently Asked Questions

What are the future development possibilities for this property?

The property has approved plans for six architecturally designed triple-storey townhouses, with potential for high-density development (STCA) or landbanking for future growth.

Is the existing residence suitable for rental income?

Yes, the current 2-bedroom, 1-bathroom home provides comfortable accommodation and potential rental income while considering future development options.

What amenities are nearby?

The property is close to Frankston's activity centre, Bayside Shopping Centre, Frankston Beach, Frankston Train Station, Monash University, Chisholm TAFE, and hospitals, offering excellent convenience.

What are the zoning benefits of this property?

Located in the Residential Growth Zone Schedule 1 (RGZ1), the property encourages higher-density residential outcomes, offering flexibility for future development.

Are there any restrictions or approvals required for development?

Approved plans and permits are already in place for the current development proposal; however, any alternative projects would require compliance with local planning regulations and approvals.

What to ask about this property to agent?

Are there any hidden costs or additional fees associated with the approved development plans? Has the property been surveyed recently to confirm boundary lines and land dimensions? Are there any zoning restrictions, easements, or covenants that could impact future development? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or construction activities nearby that could affect the property? What are the strata or body corporate considerations, if applicable? Are there any existing issues or defects with the current residence? What are the council requirements or approvals needed for alternative development options? Is there any history of environmental contamination or other site-specific risks? Are there any restrictions on property modifications or extensions under current zoning?

14 Mereweather Avenue, Frankston, Vic 3199 - More Details

$880,000

Positioned in one of Frankston's most strategically located pockets, this exceptional 805m² (approx.) development opportunity presents the perfect combination of immediate holding income, future development upside and premium positioning within the highly sought-after Residential Growth Zone Schedule 1 (RGZ1).

Complete with plans and permits already approved for 6 architecturally designed triple-storey contemporary townhouses, this is a rare chance for developers and investors to fast-track their next project in a location that continues to experience strong demand and significant growth.

The existing residence is a neat and tidy 2-bedroom, 1-bathroom home, providing comfortable accommodation or potential rental income while future plans are considered. Whether you choose to proceed with the approved development, landbank for the future, or explore alternative high-density opportunities (STCA), the flexibility and potential here are truly outstanding.

Located moments from Frankston's thriving activity centre, the property enjoys close proximity to major amenities including Bayside Shopping Centre, Frankston Beach, Frankston Train Station, Monash University, Chisholm TAFE, Frankston Hospital and Peninsula Private Hospital. Easy access to Nepean Highway, Peninsula Link and major arterial roads further enhances the appeal for future occupants and investors alike.

With Frankston continuing to evolve as a major lifestyle and infrastructure hub on the Mornington Peninsula, developments in this calibre of location are becoming increasingly difficult to secure. The RGZ1 zoning provides ultimate flexibility and encourages higher-density residential outcomes, making this an exciting proposition for builders, developers and savvy investors looking to capitalise on future growth.

A premium development opportunity with approved plans, substantial landholding and an unbeatable lifestyle location - 14 Mereweather Avenue is a project ready to make an impact.

The information provided in this advertisement is for general guidance only and does not constitute any representation by the vendor or agent. While every effort has been made to ensure accuracy, no warranty is given and interested parties must rely on their own enquiries. All measurements, descriptions, photos, floor plans and site plans are approximate and for representational purposes only. The property may be withdrawn or its details changed at any time without notice. Prospective purchasers are advised to conduct their own due diligence and refer to the Consumer Affairs Victoria Due Diligence Checklist prior to making any purchase decision.
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence

Type: House
Bedrooms: 2
Bathrooms: 1
Parkings: 5
Area: 805 m²

Price guide

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14 Mereweather Avenue, Frankston, Vic 3199

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