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Sold on 11 Jan 2024 for $322,500

24/388-390 Nepean Highway
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 24/388-390 Nepean Hwy, Frankston

24/388-390 Nepean Hwy, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Frankston in the last 12 months.

Building Type
Unit
Local Government
Frankston
Lot/Plan
24/RP16502

Last Listing description (January 2024)

This beautifully renovated 2 bedroom, 1 bathroom, second-storey apartment will have you living in your own retreat all year long!

Featuring 900mm Stainless Steel freestanding oven, modern fixtures, ceiling fans to all rooms, floating floors throughout, renovated combined bathroom, laundry, 900mm vanity for easy storage, double built in robes to each bedroom, and allocated car space.

The property is currently tenanted on a month by month lease for $1,347 per calendar month.

Walking distance to Frankston beach, Bayside shopping centre, PARC and only a short drive to Monash University, Frankston Hospital, and the Peninsula Link.

Property History for 24/388-390 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$322,500
11 Jan 2024
Listed for Rent
$1.37k/w
17 Mar 2021
  • 21 Dec 2023
    Sold for $322,500
  • 10 Oct 2023
    Listed for Sale Not Disclosed
  • 04 Feb 2021
    Listed for Rent $1,369 / 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 137 properties listed for sale, and 62 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 918 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Oliver Muehlke
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Luke Magree
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OBrien Real Estate Frankston
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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.