OFF MARKET

1/5-8 Government Road
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 1622m2
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Property Details for 1/5-8 Government Rd, Frankston

1/5-8 Government Rd, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1622m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1970
Floor Size
62m2
Land Size
1622m2
Local Government
Frankston
Lot/Plan
1/RP5563

Last Listing description (November 2022)

Positioned to enjoy an advantageous lifestyle only paces from every Frankston amenity, this one bedroom residence delivers a myriad of potential, with open plan living at the core of its design. Perfectly matched to those yearning for peaceful yet convenient living, with local retail, cafes, medical clinics and public transport all unfolding on foot.

Concealed beyond a brick facade, original details and generous proportions blend across an immediate lounge and kitchen, where comfort and functionality present as appealing features. Met with a 70's flair, the immaculate kitchen offers ample storage before rear access uncovers a private courtyard alfresco with behind gates parking.

Generous proportions remain a feature as a combined laundry and bathroom, and main bedroom with extensive robing finalise the compact floorplan. Heating and cooling alternatives offer year round comfort, whilst a Foxtel connection extends the features.

Currently Tenanted - Lease Agreement until March 2023

A prime location within the quiet streets of Frankston, with Monash University, Frankston Hospital and Frankston Power Centre all within a short walk.

Property History for 1/5-8 Government Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$317,500
19 Sep 2022
Listed for Rent
$275/w
25 Feb 2021
  • 19 Sep 2022
    Sold for $317,500
  • 24 Aug 2022
    Listed for Sale UNDER CONTRACT
  • 11 Feb 2021
    Listed for Rent $275 / week
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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 21,643 properties. Over the last 5 years, Houses in Frankston have seen a 29.61% increase in median value, while Units have seen a 29.26% increase. As at 31 August 2024:

  • The median value for Houses in Frankston is $723,953 while the median value for Units is $518,419.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 140 properties listed for sale, and 80 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 921 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.