1/9 Parer Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

1/9 Parer Street
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 96m2
Land area: 261m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Mar 2026
Low

High
Save

Property Details for 1/9 Parer St, Frankston

1/9 Parer St, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1958. The property has a land size of 261m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in April 2024.

Building Type
Unit
Year Built
1958
Floor Size
96m2
Land Size
261m2
Local Government
Frankston
Lot/Plan
1/PS303996

Last Listing description (August 2018)

This immaculate & spacious stand-alone unit is located within close proximity to everything that Frankston city has to offer.

Live a lifestyle of convenience whilst enjoying the long-term capital growth appreciation of this rock solid investment.


This home represents the ideal opportunity to purchase at an entry level price point with scope to add value through further rejuvenation / renovation in future.

An inspection will leave you impressed with:

- High ceilings throughout
- Hardwood floorboards throughout
- Two generous bedrooms, both with built-in robes
- The large kitchen features gas cooking as well as ample cupboard and bench space
- A generous light-filled living space
- The private rear yard is fully fenced
- A neat bathroom with an ideal layout
- Privately positioned in a quiet street and with only one other home on the allotment (no body corporate)
- Substantial storage throughout
- Single lock-up carport
- Immaculate, low maintenance gardens

If you are interested to know more about the blueprint for the significant expansion / development of Frankston City, please navigate to the following link: https://www.investfrankston.com

There is a lot to like about this low maintenance opportunity. With an anticipated rental return of approximately $300 - $330 per week this is a great opportunity to own and or live in an explosively developing suburb.

Whether you live locally or commute to Melbourne via the nearby Peninsula Link, this home offers a lifestyle of convenience and comfort. Invest in confidence and bank on the returns of a good-sized LAND component, LIFESTYLE and the best LOCATION.

Frankston City is one of Melbournes fastest growing and most desirable locations for many reasons. An affluent demographic of prospective purchasers are seeing enormous value in the lifestyle elements this great city offers! This is a great opportunity to enjoy Frankston South's:

Award winning beaches
World class sporting and recreational amenities
Multitude of restaurants, cafes and entertainment options
Ever-expanding collection of shopping outlets
Proximity to Melbourne as well as the Mornington Peninsula

Purchase with confidence and bank on location, location, location!

Property History for 1/9 Parer St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$557,000
17 Apr 2024
Listed for Rent
$165/w
18 May 2005
  • 17 Apr 2024
    Sold for $557,000
  • 05 Aug 2017
    Sold for $465,000
  • 17 Jul 2017
    Listed for Sale $430,000 - $470,000
Sign in to see more transactions
Commute Calculator

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 21,720 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:

  • The median value for Houses in Frankston is $871,189 while the median value for Units is $589,978.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 116 properties listed for sale, and 55 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1188 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

Market Insights
Frankston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Frankston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.