1/339-341 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

1/339-341 Nepean Highway
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 137m2
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Property Details for 1/339-341 Nepean Hwy, Frankston

1/339-341 Nepean Hwy, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 137m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1965
Floor Size
58m2
Land Size
137m2
Local Government
Frankston
Lot/Plan
1/SP24287

Last Listing description (September 2025)

A craved central position on the very edge of Frankston's CBD and foreshore sets an appealing introduction to this entry-level 2-bedroom unit, craving some materialised imagination to give it an entirely new life. Bring the tools, a skip and some good old elbow grease to this one, offering a perfect project for the creative first-home buyer, or a bargain-hunting investor looking for blue-chip appeal.

A traditional layout showcases a large open-plan lounge and dining area with a raked ceiling and split-system air conditioning, an original kitchen with a gas cooker an plenty of space, a shower room and a separate powder room, two large and robed bedrooms and a vast rear yard, complete with an externally-accessed laundry.

Complete with a single covered car space and an exceptional position no matter the direction you choose to take, remarkably central to Bayside Shopping Centre, Frankston CBD, Kananook Creek walking trails, Eastlink/Peninsula freeways, public transport and the quieter northern end of Frankston Beach.

Property History for 1/339-341 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$320,000
25 May 2023
  • 25 May 2023
    Sold for $320,000
  • 03 Apr 2023
    Listed for Sale $320,000
  • 28 Oct 1975
    Sold for $17,300
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,698 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:

  • The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
  • Houses have a median rent of $590 while Units have a median rent of $490.
There are currently 146 properties listed for sale, and 70 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1117 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.