FOR SALE
$1,650,000

2 Heath Avenue
Frankston VIC 3199

Bedrooms: 11
Bathrooms: 11
Car spaces: 5
Floor area: 299m2
Land area: 566m2
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THE SAVVY INVESTOR - OVER $160,000 PA

Are you considering investing but unsure where to start? If Bitcoin seems too risky and shares feel unreliable, consider the housing market—an investment that stands the test of time.
While interest rates fluctuate, one thing remains certain: holding onto property or land long enough usually yields profits. And that's where 2 Heath Avenue comes in—a property that's ready to make you money right away! This 11-room rooming house generates an impressive return of over $160,000 per annum.
With the ongoing housing crisis, there's a growing demand for affordable studio apartments. This property offers 11 studio apartments within walking distance to Frankston Hospital and Monash University. For students, the convenience of being close to campus and not needing a car is invaluable.
Located near Frankston Train Station, the CBD, and Frankston Beach, this investment is perfect for someone seeking minimal effort with maximum returns—set it and forget it!
Aquire Real Estate has managed Heath Avenue since it was built. We know every detail of this property and are here to guide you through the process. Whether you're a first-time buyer or a seasoned investor, we have the experience to assist you.
With a 9.6% yield, this is an opportunity you don't want to miss!
Each room includes:
- Kitchenette with overhead cabinetry
- Bathroom with toilet, basin, and shower
- Split system
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Property Details for 2 Heath Ave, Frankston

2 Heath Ave, Frankston is a 11 bedroom, 11 bathroom House with 5 parking spaces and was built in 2013. The property has a land size of 566m2 and floor size of 299m2. The place is currently for sale with Aquire Real Estate Frankston.

Building Type
House
Year Built
2013
Floor Size
299m2
Land Size
566m2

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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.

Frankston has 21,617 properties. Over the last 5 years, Houses in Frankston have seen a 25.61% increase in median value, while Units have seen a 22.65% increase. As at 31 October 2024:

  • The median value for Houses in Frankston is $722,720 while the median value for Units is $505,673.
  • Houses have a median rent of $550 while Units have a median rent of $453.
There are currently 137 properties listed for sale, and 63 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 912 properties were sold in the past 12 months in Frankston.

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Darren Dowel
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