1/34 Kareela Road, Frankston, VIC 3199 sold on 07 June 2025 | OnTheHouse
SOLD
Sold on 07 Jun 2025 for $655,000

1/34 Kareela Road
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Property Details for 1/34 Kareela Rd, Frankston

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.

Building Type
Unit
Year Built
1962
Local Government
Frankston
Lot/Plan
1/PS745262

Last Listing description (February 2025)

LOW MAINTENANCE LIVING IN CENTRAL LOCATION

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.

Property History for 1/34 Kareela Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$655,000
07 Jun 2025
  • 20 Nov 2024
    Listed for Sale $499,000 - $548,000
  • 08 Jan 2020
    Listed for Rent $370 WEEKLY
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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 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 21,755 properties. Over the last 5 years, Houses in Frankston have seen a 38.00% increase in median value, while Units have seen a 33.85% increase. As at 31 December 2025:

  • The median value for Houses in Frankston is $863,752 while the median value for Units is $590,364.
  • Houses have a median rent of $575 while Units have a median rent of $490.
There are currently 97 properties listed for sale, and 56 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1151 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.