OFF MARKET

143/325 Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 33m2
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Last updated 11 Nov 2024
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Property Details for 143/325 Nepean Hwy, Frankston

143/325 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a floor size of 33m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1990
Floor Size
33m2
Local Government
Frankston
Lot/Plan
143/PS544420

Last Listing description (May 2023)

Within an established apartment complex with secure gated entry, these already tenanted studio apartments are available as an investment opportunity in central Frankston.

Secure these properties and sit back to enjoy the recurring rental income.

In addition, the apartments have kitchenettes, timber and carpeted flooring, ample natural light and bathrooms with shower, vanity and toilet. In the communal area outside, there's a covered walkway to and from the front gate, with planting through the central section.

Positioned just 350m to the beach, and a short walk to Bayside Shopping Centre and train station, this is a great location with cafs, bus stops, walking trails and other amenities nearby.

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Property History for 143/325 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$100,000
07 Apr 2023
Listed for Rent
$190/w
30 Jul 2018
  • 14 Apr 2023
    Listed for Sale $100,000
  • 07 Apr 2023
    Sold for $100,000
  • 23 Jul 2018
    Listed for Rent $190 / 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 21,617 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 139 properties listed for sale, and 61 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 908 properties were sold in the past 12 months in Frankston.

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