1/9 Reid StreetFrankston VIC 3199
Property Details for 1/9 Reid St, Frankston
1/9 Reid St, Frankston is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 1972. The property has a land size of 90m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in June 2025.
Last Listing description (September 2025)
Positioned in one of Melbourne's fastest-growing coastal suburbs, 1/9 Reid Street, Frankston VIC 3199 presents a rare chance to secure a tenanted property in a high-demand location. This two-bedroom, two-bathroom unit with a dedicated parking space is currently under a fixed lease, offering immediate rental returns and long-term growth potential.
Why Invest in Frankston?
- Prime Location: Situated within walking distance to Frankston Hospital, Monash University Peninsula Campus, and the George Pentland Botanic Gardens, this property offers unparalleled convenience for tenants and strong appeal for investors.
- Capital Growth Potential: The suburb has seen consistent property value growth, with median unit prices reaching $527,500, indicating a healthy return on investment.
- Lifestyle and Amenities: Frankston offers a vibrant lifestyle with its beautiful beaches, shopping precincts, and excellent public transport links, making it a desirable location for tenants and homeowners alike.
Property Highlights
- Spacious 2-bedroom, 2-bathroom unit
- Secure parking space
- Currently tenanted with a fixed lease in place
Don't miss this opportunity to add a high-performing asset to your portfolio in a suburb poised for continued growth. For more information or to arrange a viewing, contact Marsh Schwallie today.
Property History for 1/9 Reid St, Frankston, VIC 3199
- 29 Jun 2025Sold for $460,000
- 28 Apr 2025Listed for Sale $460,000 - $500,000
- 07 Feb 2025Listed for Rent $480 / week
Recent sales nearby
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0About 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 21,776 properties. Over the last 5 years, Houses in Frankston have seen a 11.22% increase in median value, while Units have seen a 16.96% increase. As at 31 July 2026:
- The median value for Houses in Frankston is $829,312 while the median value for Units is $572,690.
- Houses have a median rent of $599 while Units have a median rent of $500.
Suburb Insights for Frankston 3199
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