Accurate detection of the system frequency in unbalanced three-phase power systems is a prerequisite for the operation of future smart grid. To this end, we introduce the Cramer-Rao Lower Bounds (CRLBs) for frequency estimation, based on the αβ-transformed unbalanced voltage contaminated with noise. Next, the maximum likelihood estimation (MLE) method for frequency estimation is introduced as a maximiser of an "augmented periodogram".The use of the augmented complex statistics caters for all the available second order information, including the noncircularity associated with unbalanced systems. To find the ML solution, Newton's iterative method is employed and its initialisation is implemented by a discrete Fourier transform (DFT) based dichotomous search technique.We show that the MLE of phases and amplitudes of both the positive and negative phase-sequence components within the αβ-transformed voltage can be generically derived based on the ML frequency estimates. In this way, a unified framework is provided to accurately detect voltage characteristics of the positive and negative phasesequence components within unbalanced three-phase power system when its frequency experiences off-nominal conditions. Simulations verify that the proposed MLE approaches theoretical Cramer-Rao Lower Bounds (CRLBs) for all parameters under consideration.