313/377 Nepean HighwayFrankston VIC 3199
Property Details for 313/377 Nepean Hwy, Frankston
313/377 Nepean Hwy, Frankston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 3870m2.
Last Listing description (June 2025)
Investment only opportunity
Benefit from
A long term lease
Reduced outgoings
Set and forget investment
Perfect for the SMSF
This extra-large two bedroom apartment is located the top floor providing picturesque views overlooking the Ebdale Street Reserve and is positioned at the start of Frankston's Activity Centre.
PLEASE NOTE THIS PROPERTY IS SUBJECT TO A LONG TERM LEASE AND IS FOR INVESTORS ONLY
The apartment boasts high ceilings, excellent natural light, a versatile floor plan that features a well appointed central living area, fully equipped kitchen complete with quality appliances. Additionally, the apartment includes two spacious bathrooms and is equipped with reverse cycle air-conditioning.
The building is meticulously maintained and offers modern amenities, including an intercom system, a heated pool, a BBQ area, and dedicated parking.
Rental Income: $37,636.64 pa
$723.78 pw
Rent Increases: Annual 4% increase thereafter each April 11th
Annual Return: 7.2% Gross
Lease Expiry Date: April 10, 2030
Lease Extension Option: One additional five-year term
Owners outgoings:
Owners corporation maintenance fund
Council rates
Water rates (excluding usage)
Tenant (Quest) outgoings:
Owners corporation administration fund
Insurance
General maintenance
While great care has been taken in assembling the information presented above, it is important to emphasise that these details are provided for informational purposes only and should not be considered as representations by the Owner or the Agent.
Property History for 313/377 Nepean Hwy, Frankston, VIC 3199
- 08 Nov 2024Listed for Sale $525,000
- 26 Oct 2023Listed for Sale Not Disclosed
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 21,757 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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