114/377 Nepean HighwayFrankston VIC 3199
Property Details for 114/377 Nepean Hwy, Frankston
114/377 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 3870m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in September 2005.
Last Listing description (August 2022)
Perfectly presented this bricks and mortar investment is surely going to tick all the investor boxes and is an ideal addition to your portfolio.
Positioned a mere minutes from the Frankston waterfront, this serviced apartment is available for direct purchase as secure income producing property with a long lease and built-in rental increases.
Offering the investor certainty and peace of mind, Quest looks after all the day to day business and rent is paid regardless of occupancy.
Current Rental income is approx. $1,698.67 pcm, $20,384.04 p.a
Property History for 114/377 Nepean Hwy, Frankston, VIC 3199
- 16 Oct 2020Listed for Sale $300,000
- 21 Sep 2005Sold for $252,927
Recent sales nearby
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0About 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 37.92% increase in median value, while Units have seen a 37.00% increase. As at 31 January 2026:
- The median value for Houses in Frankston is $874,464 while the median value for Units is $593,610.
- Houses have a median rent of $580 while Units have a median rent of $490.
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