OFF MARKET

3/5-8 Government Road
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 1622m2
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Last updated 11 Nov 2024
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Property Details for 3/5-8 Government Rd, Frankston

3/5-8 Government Rd, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 1622m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1980
Floor Size
58m2
Land Size
1622m2
Local Government
Frankston
Lot/Plan
10/RP5563

Last Listing description (April 2023)

What an opportunity for first home buyers, investors or downsizers. This spacious home has an ideal layout with open-plan lounge, dining and kitchen. The kitchen itself is a really good size with ample cupboard space, whilst the adjoining dining area also leads out to the private courtyard to relax and enjoy the sunshine. One good sized bedroom has a built-in robe and wonderful natural light in this move-in-ready unit central bathroom with laundry facilities.

With a potential rent of $300 plus per week, the return on the investment is a particularly good one. Alternatively, if you are a first home buyer, this property is priced well for you to enter the hot property market and people looking to downsize will like this handy location.

Just over 1km to the beautiful Frankston beach, close to Frankston Hospital, PARC, Chisholm TAFE and Monash University, everything really is at your doorstep.

Contact Karen Day for more information on - 0490 242 303.

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Property History for 3/5-8 Government Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$319,000
26 Feb 2023
  • 26 Feb 2023
    Sold for $319,000
  • 21 Feb 2023
    Listed for Sale $295,000 - $324,000
  • 23 Mar 2010
    Sold for $210,000
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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 21,623 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 136 properties listed for sale, and 65 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 914 properties were sold in the past 12 months in Frankston.

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