OFF MARKET

155/325 Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 31m2
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Property Details for 155/325 Nepean Hwy, Frankston

155/325 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit and was built in 1990. The property has a floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1990
Floor Size
31m2
Local Government
Frankston
Lot/Plan
155/PS544420

Last Listing description (September 2023)

In total, 3 studios are available for purchase if the purchaser would like to buy all 3 a reduced figure can be arranged.

#114 is rendered brick internally and #155 & #12 have lovely exposed brick internally.
#12 has a corner spa bath.

#114 and #12 have car spaces on the title.

Body corporate: $2000-$2600/annum each (approx).
Rates: $600/annum each (approx).

Rental return:
12/325 - $180/week
144/325 - $190/week
155/325 - $190/week

Internal sizes range from 25-35 ms2.

All studios are rented out to long-term tenants that have been in place for years and wish to stay!

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 cafes, bus stops, walking trails and other amenities nearby.

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Property History for 155/325 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$100,000
21 May 2023
  • 21 May 2023
    Sold for $100,000
  • 27 Feb 2023
    Listed for Sale $99,000
  • 25 Aug 2009
    Sold for $79,500

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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.

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