12 Cricklewood Avenue, Frankston, Vic 3199

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12 Cricklewood Avenue, Frankston, Vic 3199-Image

12 Cricklewood Avenue, Frankston, Vic 3199

$780,000

Residential Land

Type

786 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 12 Cricklewood Avenue, Frankston, Vic 3199)

$780,000

View the agent price guide.

Luke Magree - Real Estate Agent - OBrien Real Estate - Frankston

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Andre Uy - Real Estate Agent - OBrien Real Estate - Frankston

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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 versatile development opportunity on a large, flat corner block in prime Frankston, suitable for townhouses or high-yield rental projects.

🏡 Property Highlights

Large, flat 786sqm corner block in central Frankston
Prepared plans for an 8-bedroom rooming accommodation with high rental yield
Potential returns of up to approximately $160,000 per annum
Ideal for redevelopment into 3 luxury townhouses (STCA)
Prime location within walking distance to Frankston CBD, railway station, and beach
Rare large corner allotment offering development flexibility

✨ Key Features

Open-Plan Living
Waterfront / Views
Dual Living
Outdoor Area
Built-in Robes
Garage
Air Conditioning
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready

Suburb and Property Insights of Frankston, VIC 3199

Frankston is a vibrant coastal suburb renowned for its strong community, excellent amenities, and proximity to the beach. It offers a mix of lifestyle and investment opportunities, with easy access to transport, shopping, and recreational facilities. The area is highly sought after for both residential living and development potential, making it an ideal location for investors and developers alike.

Frequently Asked Questions

What are the development options available for this property?

The property offers potential for a 3-townhouse development (STCA) or a high-yield rental accommodation, with plans already prepared for the latter.

Is the property suitable for landbanking or future redevelopment?

Yes, the large, flat corner allotment provides excellent scope for landbanking or redevelopment, with flexible options to suit various investment strategies.

What amenities are within walking distance?

The property is within walking distance to Frankston CBD, Frankston railway station, and the beach, providing convenient access to shopping, transport, and recreational facilities.

Are there any existing structures on the land?

The property is currently vacant residential land, with development plans available for future projects.

What is the zoning and planning status?

The property is zoned for residential development, with potential for townhouse or multi-unit projects subject to council approval (STCA).

What to ask about this property to agent?

Are there any zoning restrictions or planning overlays that could affect development plans? What are the council requirements and approval processes for the proposed development? Are there any easements, covenants, or restrictions on the land? Has a recent land survey been conducted to confirm boundaries and dimensions? Are there any known environmental issues or site contamination? What are the potential costs for connection to utilities and infrastructure upgrades? Is there any nearby construction or planning activity that could impact future development? Are there any bushfire or flood risks associated with the property? What are the strata or body corporate considerations if developing multiple dwellings? Are there any existing planning permits or approvals that need to be renewed or updated?

12 Cricklewood Avenue, Frankston, Vic 3199 - More Details

$780,000

Type: Residential Land
Area: 786 m²

Price guide

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12 Cricklewood Avenue, Frankston, Vic 3199 - Point Of Interest

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Email Enquiry To OBrien Real Estate - Frankston

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12 Cricklewood Avenue, Frankston, Vic 3199

$780,000

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