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Sold on 21 Oct 2024 for $385,550

16/402 Nepean Highway
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 16/402 Nepean Hwy, Frankston

16/402 Nepean Hwy, Frankston is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Apartment sold in Frankston in the last 12 months.

Building Type
Apartment

Last Listing description (October 2024)

This secure top floor, two-bedroom apartment with private balcony provides views of the BAY and Melbourne City Lights. A wonderful opportunity for those looking for a peaceful sea change, or investment opportunity.

Savour the crisp ocean breeze or take a short stroll where you'll experience the warm sand between your toes. So close to the beach, this delightful top floor, updated apartment provides a wonderful opportunity to forget all your worries while you enjoy a peaceful lifestyle.

With a superb location and private access backing onto Kananook Creek trail, and situated just moments to all essential amenities including cafes, restaurants, beach, transport, cinemas, Bayside Shopping Centre, Frankston Hospital, TAFE and Monash University.

The apartment has a communal pool and is graced with a car space for additional convenience. This top floor retreat will quickly grab your attention with an open plan living and meals area with private balcony. The adjoining kitchen has been renovated and has an updated bright and airy bathroom. Two spacious and light-filled bedrooms come complete with built in wardrobes and are privately placed on either side of the bathroom.

With its superb location, be quick to secure this excellent apartment with every amenity you could possibly want at your door-step!

Move in to enjoy yourself as an owner occupier or lease out for a potential rental income of approximately $1,906 PCM.

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Property History for 16/402 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$385,550
21 Oct 2024
Listed for Rent
$275/w
24 Nov 2016
  • 21 Oct 2024
    Sold for $385,550
  • 22 Jul 2024
    Listed for Sale $360,000 - $388,000
  • 14 Jun 2019
    Sold for $310,000
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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 21,716 properties. Over the last 5 years, Houses in Frankston have seen a 25.85% increase in median value, while Units have seen a 22.93% increase. As at 30 November 2024:

  • The median value for Houses in Frankston is $730,330 while the median value for Units is $515,139.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 105 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 934 properties were sold in the past 12 months in Frankston.

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