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1 Anderson Street

Frankston, VIC 3199, Australia

5 bed 2 bath 2 car937m²

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AI Valuation Estimate

$705,000 – $795,000

Based on recent comparable sales in Frankston

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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Heritage

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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.