1 Anderson Street
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About this property
Welcome to 1 Anderson Street, Frankston - an exceptional development opportunity in one of the area's most sought-after coastal pockets. Positioned on a generous allotment just moments from the beach, this versatile property presents outstanding potential for developers, builders, and savvy investors looking to capitalise on the area's continued growth and strong buyer demand. Currently offering a spacious five-bedroom, two-bathroom residence, the property also benefits from a quality long-term tenant in place, providing reliable holding income while future plans are considered. Whether you choose to renovate, landbank, or redevelop (STCA), the substantial landholding and highly desirable location create the perfect foundation for a premium townhouse or multi-dwelling project in an area where quality homes are in high demand. Set within easy reach of the Frankston waterfront, CBD, boutique cafés, restaurants, parks, leading schools, and public transport, the address delivers an exceptional combination of lifestyle convenience and long-term investment appeal. With strong population growth and increasing demand for quality low-maintenance homes, the future potential here is undeniable. Whether you're looking to secure your next development site, landbank for the future, or unlock the full potential of a premium parcel of land, 1 Anderson Street offers endless possibilities in a thriving bayside market. Opportunities like this are increasingly rare - contact us today for further information and to explore the full potential of this outstanding property. Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.
Property Details
- Property Type
- house
- Listing Type
- Off-market
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 2
- Land Area
- 937 m²
- Listed
- 1 month ago
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Neighbourhood
Living in Frankston
This 5-bedroom house in Frankston, VIC 3199 sits within reach of public transport, local shops and nearby schools. It is listed 4% above the $720,000 median of 73 comparable houseswithin 5 km.
Schools near Frankston
- Frankston Special Developmental Schoolcombined · U · CoEd
- Ballam Park Primary Schoolprimary · Prep-6 · CoEd
- Frankston East Primary Schoolprimary · Prep-6 · CoEd
- Frankston Heights Primary Schoolprimary · Prep-6 · CoEd
- Frankston Primary Schoolprimary · Prep-6 · CoEd
- Karingal Heights Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Hope Court/Dandenong Road East (bus) — 242 m away
- Sealys Cycles and Fitness — 438 m away
- Orwil Street Reserve — 237 m away
- Unnamed — 440 m away
- Unnamed — 442 m away
Frankston at a glance
Full suburb profile- Population
- 37,331
- Median age
- 39
- Household income
- $1,387/wk
- Median rent
- $342/wk
- Median mortgage
- $1,733/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Frankston price trend
Median sold · House 5+ bed
Compound growth +0.3% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Frankston marketSide-by-side analysis
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