23/325 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 9572m2 and floor size of 34m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 1 bedroom Unit sold in Frankston in the last 12 months.
A very rare find and undoubtedly one of the best studio apartments within the complex. Perfectly positioned at the end of the row, this property enjoys a picturesque outlook along with its own private front courtyard - something truly hard to come by in this development.
Adding even more appeal, the property is securely leased to a long-term tenant who has happily called this home for the past 11 years and is very keen to continue leasing for as long as possible, providing immediate stability for investors.
Current rental return: $977 per calendar month
Please note: The photos and video were personally taken by myself, so I do apologise for the quality, however they still showcase the fantastic position and potential this property offers.
Rare opportunities like this do not come along often.
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 21,696 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:
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