Why the Street Matters When You Buy in Frankston or Frankston South

13 Oct 2026 · @merchan.rg

The same street can give very different prices

In Frankston South, one home on a street might sell for $16 million. Another home a few doors down might sell for $5 million.

In Frankston, the dollar gap is smaller, but it is still big. A fully renovated house might sell for $1.4 million. An old, original house on the same street might sell for $700,000.

Many things play a part. Land size matters. The state of the house matters. The view matters. But so does which side of a line on the map your house sits on.

Rare homes lift the whole street

Some of this comes down to how rare a home is. In Victoria, there are just over 400 blocks of land where the boundary touches the sand. Homes like these are worth their weight in gold.

A home on Gold Street sold for about $17 million. We believe it is the most expensive home ever sold in the area. A big sale like that can lift a whole pocket. After one great result on that street, twelve more homes came up for sale there within two years. Owners who had waited for decades decided it was their turn too.

It is not just the big homes. A small house on Fitzroy Avenue with two bedrooms sold for $2.25 million. That is the highest price ever paid for a two bedroom house in Frankston. A street that people love can change what a type of home is worth.

What the photos online can't show you

It is easy to find prices and past sales now. You can look them up on realestate.com, View, or any agent's website. But none of these sites can show you how a street feels.

More and more buyers go and look for themselves. They walk the street. They drive past at different times of day. They become street detectives before they buy.

Here is the surprising part. An old, untouched house on a street that buyers love will often sell for more than a renovated house on a street they don't love. It works the other way too. The best house on the worst street will struggle. You can fix up a house as much as you like, but you can't fix up the street.

You can't pick your neighbours, so meet them first

Juan has worked in real estate for more than 25 years. One story stays with him. An owner loved her home in Frankston South for years. When she decided to sell, it took a while to find out why. A neighbour she was fighting with had started putting fish scraps in her bin. No nice front garden could have warned a buyer about that.

The fix is easy. If you are serious about a home, go and sit outside it on a Friday or Saturday night. Bring a coffee and just watch. You will soon find out if a neighbour has loud parties, works odd hours, or makes life hard for the people living there now. You won't learn this at an auction or a weekday open house.

One past client went even further. She found out which auctions were on in her area and went along. While everyone else watched the bidding, she chatted with the neighbours. It is not perfect. Someone selling because of a bad neighbour won't tell you that. But you will still learn more than any listing can tell you.

Flood zones and old pipes: look closer, don't panic

A report that says "flood zone" can sound scary. But the real story is often more complicated.

One buyer was told their new home was in a flood zone. The home was brand new. It had a basement garage, like about six other new homes nearby, and it was built to handle water. Flood zone maps can be based on a flood from many years ago. It might have been a rare flood near a creek that only happens about once in a hundred years. A flood zone label does not mean the home floods often today. The smart move is to look into it properly and get legal advice. Don't cross the home off your list just because of the label.

Old pipes and drains are worth a closer look too. On one well known street, the blocks used to be big, with only a few homes. About 15 to 20 years ago, builders split those blocks up. The street ended up with many times more homes. The council had to upgrade the drains and pipes to cope. So the pipes on an older street may now be much better than they were when the street was first built.

Some streets worth knowing

Ask any local agent and the same names come up again and again.

In Frankston South, the top spots include the Oliver's Hill area and the beach side of the Nepean Highway. Other strong pockets are Sybil Avenue, Cliff Road, Kirkstall and Violet Street.

In Frankston, the Esplanade, Cliff Road and the Lakewood pocket are also highly prized.

If you want good value that hasn't caught up in price yet, look at Rosedale Grove and Woodside. They have good homes and good land, without the high price of their famous neighbours.

The short version

• The street can change a sale price as much as the house can, even on the same road.
• Rare homes, like ones on the beach, and big recent sales can lift a whole street.
• How a street feels doesn't show up online. Walk it, drive it, and visit at different times.
• Sit outside a home you like, best on a weekend night, to get a feel for the neighbours.
• A flood zone label or an old street needs a closer look and legal advice, not an instant no.

This article is based on a chat between Juan and Josh Merchan on the Selling Frankston podcast. Juan has sold homes in Frankston and Frankston South for more than 25 years.