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21 Meerlu Avenue, Frankston, Vic 3199 For Sale
21 Meerlu Avenue, Frankston, Vic 3199 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Image 21 Meerlu Avenue, Frankston, Vic 3199-Floorplan

21 Meerlu Avenue, Frankston, Vic 3199

$640,000 - $700,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings
599 m²
Area

Published on Friday, October 16, 2026 ( See property details for 21 Meerlu Avenue, Frankston, Vic 3199)

$640,000 - $700,000

Thomas Larkin - Real Estate Agent - Barry Plant - Frankston
Thomas Larkin Director, Licensed Estate Agent & OIEC
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Jonathan Sarris - Real Estate Agent - Barry Plant - Frankston
Jonathan Sarris Assistant to Thomas Larkin
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile Frankston property offering immediate rental income with exciting future development potential on a separate subdivided allotment.

🏡 Property Highlights

  • Tenanted three-bedroom brick home with immediate rental income
  • Separate subdivided rear allotment on its own title
  • Potential for future development (STCA) on the rear lot
  • Functional single-level floorplan with light-filled living spaces
  • Prime location in Frankston with development flexibility
  • Clear scope for renovations or updates to enhance value

✨ Key Features

  • Air Conditioning
  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Garage / Secure Parking
  • Water tank
  • Floorboards
  • Security Screens / Gates
  • Pet-Friendly
  • Fully fenced
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21 Meerlu Avenue
Frankston, VIC 3199
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Vertical aerial view — 21 Meerlu Avenue
21 Meerlu Avenue — Vertical Aerial  •  Frankston, VIC 3199  •  Nearmap © 2026

Frankston is a vibrant coastal suburb renowned for its excellent amenities, beautiful beaches, and strong community vibe. It offers a diverse range of housing options, convenient access to transport and shopping, and promising growth prospects. The area is ideal for investors and families alike, seeking a balanced lifestyle with development potential. Local parks, schools, and recreational facilities enhance its appeal, making it a highly desirable location for both living and investing.

What is the current condition of the house and what renovations are possible?
The house is in a comfortable, functional condition suitable for ongoing tenancy, with scope for future renovations or updates to enhance its value.
Can the rear allotment be developed into a second residence?
Yes, the rear lot, which is already on its own title, offers a pathway to build a second residence subject to council approval (STCA).
What are the rental income prospects for this property?
The existing house is currently tenanted, providing immediate rental income, with potential for increased returns following any updates or renovations.
Are there any restrictions or covenants on the property?
The property is on separate titles with no known restrictions; however, prospective buyers should verify with local council regarding development and subdivision regulations.
What are the nearby amenities and transport options?
Frankston offers excellent amenities including shopping centres, schools, parks, and transport links such as train stations and bus services, all within easy reach.
Are there any existing planning restrictions or easements affecting the rear allotment? What are the potential costs associated with future development or renovations? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or infrastructure projects that could impact the property? What are the strata or body corporate considerations, if any, for the rear allotment? Are there any known issues with the property's structure or services? What are the zoning regulations and building height restrictions for the rear lot? Is there any ongoing or planned nearby construction that could affect the property? Are there any additional costs for shared driveway access or common property maintenance? What are the long-term growth prospects and market trends in Frankston?

21 Meerlu Avenue, Frankston, Vic 3199 - More Details

$640,000 - $700,000

Sale By SET DATE 10/11/2026 at 5pm (Unless sold prior)

21 Meerlu Avenue, Frankston offers a practical combination of immediate rental income and future development potential. The property consists of a tenanted three-bedroom brick home on its own lot (Lot 1), alongside an already subdivided rear allotment (Lot 2) on a separate title.

The existing brick residence features a functional single-level floorplan with a light-filled front living room (fitted with split-system air conditioning), a central kitchen with gas cooking, three bedrooms, a main bathroom with a separate toilet, a dedicated laundry, and a covered rear alfresco area. While comfortable in its current condition for ongoing tenancy, it also provides clear scope for future renovations or updates.

The rear allotment (Lot 2) measures approximately 190 square metres on title, accessed via a shared common property driveway (Common Property No. 1). Having the rear lot already on its own registered title removes the initial planning time and expense associated with land subdivision, offering a direct pathway to build a second residence (STCA) or hold as a dual-asset investment.

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.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1
Area
599 m²

Price guide

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Map & nearby places — 21 Meerlu Avenue, Frankston, Vic 3199

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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