1/3056 Frankston-Flinders RoadBalnarring VIC 3926
Property Details for 1/3056 Frankston-Flinders Rd, Balnarring
Last Listing description (September 2024)
Mortgagee in possession.Rarely does an opportunity like this come up in the tightly held suburb of Balnarring. Available with vacant possession is the prime investment opportunity on the skirts of the shopping complex. Only a few years old & offering great exposure to Frankston-Flinders Road is this sensational 70sqm shop perfect for a sole trader, business or as an investment that that could return an approximate annual rental of $26,000 plus GST & outgoings. 100 sqm approximately Blank canvass to establish you business Prime position in the tightly held suburb High exposure building across from the Hertiage
Property History for 1/3056 Frankston-Flinders Rd, Balnarring, VIC 3926
- 28 Jun 2024Listed for Sale $390,000
- 19 Jun 2024Sold for $390,000
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0About Balnarring 3926
The size of Balnarring is approximately 26.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Balnarring in 2016 was 2270 people. By 2021 the population was 2371 showing a population growth of 4.4% in the area during that time. The predominant age group in Balnarring is 60-69 years. Households in Balnarring are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Balnarring work in a professional occupation.In 2021, 88.40% of the homes in Balnarring were owner-occupied compared with 85.00% in 2016.
Balnarring has 1,225 properties. Over the last 5 years, Houses in Balnarring have seen a 13.31% increase in median value, while Units have seen a 18.38% increase. As at 31 March 2026:
- The median value for Houses in Balnarring is $1,259,685 while the median value for Units is $625,622.
- Houses have a median rent of $780.
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