SOLD
Sold on 10 Apr 2024 for $1,650,000

345 Nepean Highway
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1304m2
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Property Details for 345 Nepean Hwy, Frankston

Building Type
Land
Year Built
1980
Land Size
1304m2
Local Government
Frankston
Lot/Plan
1/TP628251

Last Listing description (November 2023)

RWC Oakleigh is delighted to offer for sale this remarkable corner development opportunity with an approved 4 level development permit plus basement located at 345 Nepean Hwy Frankston.

This site benefits from its centrally located position and vicinity to amenities being a mere 480m* from Bayside Central Shopping Centre which is home to Kmart, Woolworths, Chemist Warehouse, Coles and many more.


Key attributes of the property include:

Total land area | 1,304 sqm*
Two street frontages spanning a combined 84m*
Permit approved for 25 apartments & 1 ground commercial space
High amenity position - Bayside Central Shopping Centre (480m*)
Frankston Train Station (860m*) providing direct access to the Melbourne CBD
Frankston Beach (270m*)
Basement construction commenced - work has been done for you
Elevated position to provide bay views from the completed project
Mixed use Zone (MUZ)

For further information, don't hesitate to get in touch with one of the exclusive marketing agents:

George Kelepouris | 0425 798 677
Theo Karkanis | 0431 391 035

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
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Property History for 345 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,650,000
10 Apr 2024
  • 10 Apr 2024
    Sold for $1,650,000
  • 26 Sep 2023
    Listed for Sale PLANS & PERMITS APPROVED
  • 10 Jun 2021
    Sold for $2,580,000
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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 21,715 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 101 properties listed for sale, and 64 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 922 properties were sold in the past 12 months in 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.