Frankston at a glance
39,074
People
$955,000
Median sale
$510/wk
Median rent
2.78%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
VIC › Frankston › Mereweather Ave
For sale
For sale
3
Bedrooms
1
Bathrooms
1
Car spaces
618 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
No recorded sale price for this property yet.
Frankston at a glance
39,074
People
$955,000
Median sale
$510/wk
Median rent
2.78%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $510/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Frankston at a glance
39,074
People
$955,000
Median sale
$510/wk
Median rent
2.78%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RS Real Estate & CoPositioned on a generous 618m² corner allotment at the intersection of Mereweather Avenue and Douglas Grove, this 1960s classic delivers a rare range of options, from ready to enjoy family home, high yield investment, or exciting development site in one of Frankston's most sought-after pockets. This beautifully maintained home has been thoughtfully updated for modern living while retaining its timeless charm.
• Stunning interiors: Gleaming polished hardwood floors throughout a light filled, open plan layout with spacious living and separate dining areas.
• Modern comforts: Split-system air conditioning and heating for year-round ease.
• Connectivity: NBN Fibre to the Premises (FTTP) ready.
• Medical & Professional Hub: Moments from the newly opened Peninsula University Hospital (January 2026, $1.1 billion redevelopment), driving massive demand for quality housing among healthcare workers, students, and staff.
• Beachside Lifestyle: An easy, flat stroll (approx. 350–500m) to Frankston Beach, Kananook Creek trails, and waterfront parks.
• Education & Amenities: Close to Monash University Peninsula Campus, Bayside Shopping Centre, excellent schools, and the Frankston Transport Interchange (train, bus, and freeway access).
Developer's Edge – HCTZ2 Zoning
Zoned under the progressive Housing Choice and Transport Zone (HCTZ2), this corner site is ideally positioned for future growth in Frankston's revitalisation. Dual street frontage offers excellent flexibility for access, design, and potential higher density residential development (subject to council approval – STCA). Heights of up to around 11–13.5m (3–4 storeys) are supported in the zone depending on site specifics and planning outcomes.
Whether you seek a beachside sanctuary, a secure investment with proven rental appeal, or a high-potential development asset in the heart of Frankston, this is a standout opportunity.
Disclaimer: I acknowledge that this advertisement provides information as a guide only. RS Real Estate & Co does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.
Listing description written by Robert Curcio, RS Real Estate & Co — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.