FOR SALE
$180k-$198k - Owner Occupy or Rent Out

512/435 Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 59m2
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Exclusive beach front apartment!

A golden opportunity awaits the astute investor to secure this luxury bayside apartment. Apartment 512 combines elegant contemporary design, convenience and a relaxed costal vibe.
Sale Terms:
Settlement: 30,45 or 60 days
- Apartment is privately managed meaning the purchaser will be able to keep it rented or owner occupy the property if they so choose.
- The apartment is currently leased out for $21,320 p.a ($410 p/w) - 10% Yield
Outgoings:
- Frankston City Council $1200 p.a
- Southeast Water: $800 p.a
- Owners Corp: $4388 p.a
Gross Rental Yield: 10.69%
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Property Details for 512/435 Nepean Hwy, Frankston

512/435 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 59m2. The place is currently for sale with OBrien Real Estate Frankston.

Building Type
Apartment
Floor Size
59m2

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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 21,520 properties. Over the last 5 years, Houses in Frankston have seen a 28.22% increase in median value, while Units have seen a 25.38% increase. As at 30 September 2024:

  • The median value for Houses in Frankston is $723,155 while the median value for Units is $511,678.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 139 properties listed for sale, and 62 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 928 properties were sold in the past 12 months in Frankston.

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Luke Magree
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Oliver Muehlke
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OBrien Real Estate Frankston
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