55 Heatherhill Road, Frankston, Vic 3199

$820,000 - $880,000

House
Type
3
Bedrooms
1
Bathrooms
4
Parkings
923 m²
Area

Published on Thursday, June 11, 2026 ( See property details for 55 Heatherhill Road, Frankston, Vic 3199)

$820,000 - $880,000

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

A versatile and well-maintained family home on a large block in the highly sought-after Frankston High School Zone, offering immediate rental income and exciting future development potential (STCA).

🏡 Property Highlights

  • Substantial 923m² landholding in the sought-after Frankston High School Zone
  • Versatile future development potential (STCA) including retaining, building, or redevelopment
  • Immediate rental income potential of approximately $550 per week
  • Recently updated with new roof, internal paintwork, carpet, blinds, and electrical systems
  • Well-maintained, solid existing residence with spacious living areas
  • Prime location with strong growth prospects and infrastructure investments

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • Internal Laundry
  • Ceiling Fans
  • Extra Storage (Shed/Linen)
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55 Heatherhill Road
Frankston, VIC 3199
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Vertical aerial view — 55 Heatherhill Road
55 Heatherhill Road — Vertical Aerial  •  Frankston, VIC 3199  •  Nearmap © 2026

Frankston is a vibrant metropolitan centre offering a blend of coastal lifestyle and urban growth. Key points include: 1) Proximity to beaches, cafes, and coastal amenities; 2) Strong infrastructure with rail access to Melbourne CBD; 3) Ongoing commercial and residential development; 4) Major projects like the Frankston Hospital expansion; 5) Excellent connectivity via Peninsula Link and EastLink, making it ideal for families, investors, and lifestyle seekers.

What are the future development possibilities for this property?
The property has multiple potential pathways including retaining the existing home and rear development, constructing an additional dwelling, redevelopment, or long-term landbanking, all subject to council approval (STCA).
What recent upgrades have been made to the property?
Recent improvements include a new roof, fresh internal paintwork, new carpet, updated electrical systems, new blinds, and a compliant electrical switchboard for the main house and garage.
Is there existing rental income potential?
Yes, the property offers an estimated rental return of approximately $550 per week, making it attractive for investors.
What investigations and compliance works have been completed?
Extensive investigations include building and pest inspections, gas and electrical compliance certifications, electrical upgrade documentation, and updated switchboard certification, available upon request.
What are the key features of the property’s living spaces?
The home features a light-filled front living room with a gas fireplace, a spacious kitchen with gas appliances, a multi-purpose room suitable as a third bedroom or secondary living space, and two additional bedrooms.
Are there any additional costs or fees associated with future development approvals (STCA)? Are there any zoning restrictions or easements affecting the property’s potential uses? Has the property experienced any flooding or bushfire risks in the past? Are there any planned infrastructure projects or nearby developments that could impact the property? Is the property part of a strata or body corporate scheme, and if so, what are the fees and regulations?

55 Heatherhill Road, Frankston, Vic 3199 - More Details

$820,000 - $880,000

Type
House
Bedrooms
3
Bathrooms
1
Parkings
4
Area
923 m²

Price guide

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