1/34 Kareela Rd, Frankston is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1962. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 3 bedroom Unit sold in Frankston in the last 12 months.
Welcome to this charming, renovated 3-bedroom home, neatly tucked away in the ever-popular Frankston East precinct. Featuring hardwood floors throughout for a modern look and a quality kitchen with Stone bench tops and new appliances. Situated on a low-maintenance block, this property boasts a quaint, private yard as well as a remote garage.
Located on a quiet street, it offers private, peaceful living while being within walking distance to the shopping shops, restaurants, and Frankston East Primary school. The home is also located within close proximity to the newly renovated and expanded Karingal Shopping Centre, Village Cinema complex and Peninsula Link & Eastlink freeways.
Currently tenanted until June, 2025, there are multiple options available - secure an investment property with a tenant already in place, secure with a long settlement or take on the tenancy and earn an income in the interim.
Don't miss the opportunity to secure this property with all the hard work being done already.
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 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 21,723 properties. Over the last 5 years, Houses in Frankston have seen a 34.43% increase in median value, while Units have seen a 34.05% increase. As at 28 February 2026:
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