319/435 Nepean HighwayFrankston VIC 3199
Property Details for 319/435 Nepean Hwy, Frankston
319/435 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a floor size of 59m2.
Last Listing description (October 2019)
A Spacious studio apartment with modern decor consisting of stone benchtops, mirror splashbacks, stainless steel appliances and feature strip lighting.
Roomy enough for a king size bed, desk, dining table and sitting room. Bathroom features frameless glass , stone and quality tapware and finishings.
Current Rent: $365 per week -$18,999 pa
Current Return: Return: 7.30% Gross - 5.92%- Net
Rent Increases as follows:
July 2020- $19,758- 7.59% gross
July 2021- $20,549- 7.89% gross
July 2022- $21,371- 8.21% gross
Lease Terms: Lease to 15/04/ 2023 with 3 x 5 yr options
A neat compact investment, that will involve minimal upgrades in the future , all walking distance to the beach, shopping, restaurants and foreshore walking tracks.
Quest Frankston on the Bay, located in the heart of Frankston's entertainment and dining precinct, offers New York-style studio apartments on the Mornington Peninsula and is situated near Bayside Shopping Centre, Frankston Foreshore, and Frankston Arts Centre.
Only 7 years old, it is neat, modern and a low maintenance investment with 4% set increases until 2023
Approximate Owner Outgoings:
Council Rates: $1322 per annum
Water Rates: $580 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1704 per annum
Property History for 319/435 Nepean Hwy, Frankston, VIC 3199
- 24 Jul 2019Listed for Sale Not Disclosed
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 21,785 properties. Over the last 5 years, Houses in Frankston have seen a 14.92% increase in median value, while Units have seen a 20.83% increase. As at 30 June 2026:
- The median value for Houses in Frankston is $840,298 while the median value for Units is $574,722.
- Houses have a median rent of $595 while Units have a median rent of $495.
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