3/402 Nepean HighwayFrankston VIC 3199
Property Details for 3/402 Nepean Hwy, Frankston
3/402 Nepean Hwy, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 67m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Unit sold in Frankston in the last 12 months.
Last Listing description (December 2025)
This well presented apartment is now available with vacant possession,
offering the perfect opportunity for home buyers or savvy investors
alike with $420 per week in rental returns.
This unit represents a fantastic balance of lifestyle appeal and
investment potential in one of Frankston's most convenient bayside pockets.
Property highlights
* Two spacious bedrooms with built-in robes
* Light-filled open-plan living opening to a balcony overlooking the resident pool and large grassed common area
* Stylishly renovated kitchen and modern bathroom/laundry
* Split-system heating and cooling for year-round comfort
* Separate lock-up storage unit beside the undercover carport - perfect for bikes, camping gear, or extra belongings
* Fully compliant with current tenancy regulation standards for investor peace of mind
Location advantages
* Direct rear access to Kananook Creek trail and footbridge linking straight to the foreshore & beach
* Walking distance to Frankston beach, CBD, cafs, train station, and schools
* Situated in Melbourne's premier bayside growth hub, where demand remains consistently strong
Whether you're searching for your new home or your next investment, this low-maintenance bayside gem ticks every box - position, presentation, and potential.
Property History for 3/402 Nepean Hwy, Frankston, VIC 3199
- 27 Nov 2025Sold for $420,000
- 21 Nov 2025Listed for Rent $420 / week
- 07 Oct 2025Listed for Sale $420,000 - $438,000
Recent sales nearby
See more recent sales nearby/assets/perm/wpofr6h6fei63o56mo4zmu6oyq?signature=08efa25b52fd2f21b74d7e02ba720bbce38045f9be9192e717ef4578e4ebe903){kind=logo}
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About 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 21,696 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:
- The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
- Houses have a median rent of $590 while Units have a median rent of $490.
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