For Sale

23 Spray Street, Frankston, Vic 3199-Image

23 Spray Street, Frankston, Vic 3199

$750,000

House

Type

Bedrooms

Bathrooms

Parkings

580 m²

Area

Published on Thursday, June 04, 2026 ( See property details for 23 Spray Street, Frankston, Vic 3199)

$750,000

View the agent price guide.

James Bell - Real Estate Agent - Property One - CHELSEA

James Bell Director . Auctioneer . Sales Agent

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Seb Mooney - Real Estate Agent - Property One - CHELSEA

Seb Mooney Sales Representative

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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.

A prime development-ready property in Frankston offering immediate income potential and future growth opportunities with approved plans for three modern townhouses.

🏡 Property Highlights

Existing home with rental or holding income potential
Approved plans and permits for 3 x 2-bedroom units
Development-ready opportunity in a high-demand location
Close to Frankston CBD, beaches, transport and schools
Ideal for developers, investors and builders
Strong future growth and development prospects

✨ Key Features

Open-Plan Living
Waterfront / Views
Secure Parking
Outdoor Area
Built-in Robes
Garage
Air Conditioning
Ensuite
Home Office / Study
Ceiling Fans

Suburb and Property Insights of Frankston, VIC 3199

Frankston is a vibrant coastal suburb renowned for its stunning beaches, excellent transport links, and strong community amenities. It offers a thriving local economy, diverse shopping and dining options, and a growing demand for quality housing. With ongoing development projects and proximity to major employment hubs, Frankston presents a compelling opportunity for investors and families alike.

Frequently Asked Questions

What is the current condition of the existing home on the property?

The existing home is in a habitable condition, suitable for rental income or temporary accommodation while planning or development progresses.

Are there any restrictions or covenants associated with the approved plans?

The approved plans and permits are in place, but it is recommended to review local council regulations and any covenants that may apply.

What are the zoning details for this property?

The property is zoned for residential development, with approved plans for three townhouses, aligning with local planning regulations.

Is there any ongoing or upcoming construction nearby that could impact the property?

Currently, there are no known nearby construction projects; however, prospective buyers should verify with local planning authorities for any future developments.

What are the potential costs involved in developing the approved plans?

Development costs will include construction, council fees, and any additional site works; a detailed cost estimate should be obtained from a qualified builder or project manager.

What to ask about this property to agent?

Are there any hidden costs or additional fees associated with the development approvals? Has the property been surveyed recently to confirm boundary lines and easements? Are there any known issues with the land, such as flooding or bushfire risks? Is the property compliant with all local planning and building regulations? Are there any existing or pending planning applications that could affect the development? What are the strata or body corporate considerations if applicable? Are there any restrictions on future modifications or extensions to the existing structures? Is there any history of disputes or legal issues related to the property or land? What are the nearby zoning plans that could influence future development? Are there any noise, traffic, or environmental concerns in the surrounding area?

23 Spray Street, Frankston, Vic 3199 - More Details

$750,000

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 1
Area: 580 m²

Price guide

View Statement Of Information

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23 Spray Street, Frankston, Vic 3199 - Point Of Interest

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Your Commute at a Glance: 23 Spray Street, Frankston, Vic 3199

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