32/14 Sandpiper PlaceFrankston VIC 3199
Property Details for 32/14 Sandpiper Pl, Frankston
32/14 Sandpiper Pl, Frankston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 1 bedroom Unit sold in Frankston in the last 12 months.
Last Listing description (July 2025)
Most Affordable Downsizer, First Home or Incredible Investment rent $300+ pw
First constructed as 44 bed-sitter dwelling units in a Special Accommodation Residential Building (Retirement Home), these units have since been subdivided into fully Strata Titled Bed-sitter Dwelling Units in prime Residential Zone 1, Frankston. Council lifted the Managed Retirement Home requirements (s. 173 Agreement) from the titles and now anyone can live there. There is an Owners Corporation to manage the huge common property. No ingoing or outgoing fees. It's your OYO unit.
The Unit is one of the best located in the building close to main entrance, at ground level and with large sliding glass door and window opening to a private patio extending to common surrounding gardens. It has an en-suite bathroom (shower, toilet and vanity) and kitchenette. As an Owners Corporation managed building with added security (coded lock entry and CCTV), the owner/resident has the use of a huge common area, including lounge room, dining room, chat rooms, card-swipe laundry, additional shared kitchen, gardens and park-anywhere off-street parking. No gas or electricity bills/accounts, all supplied free. The owner only pays very low water and council rates and owners corporation fee. No steps or stairs. This will be your strata titled OYO unit to live in or rent out.
This offer is unique in that a live-in owner (or investor) can buy this unit paying it off with repayments less than the rent! An ideal downsizer to avoid mortgage stress or be a wise investment. It would also suit Airbnb management.
This is a fabulous part of Frankston and the most affordable Estate Fee Simple Property Title imaginable at $125,000 to $135,000 and a good discount can be negotiated if not 'subject to finance'
This is obviously very undervalued. (See the Statement of Information for the median price of 3 recent comparable property sales within 2 km). Units in this Residential Building have been rented for $250 pw. over 3 years ago. The gross return at $300 pw on a cost of $130,000 is 12% p.a. It is available vacant possession. The trustees are reluctant to sell but have a genuine reason for selling this, the last unit and have priced it for a quick sale. The price is negotiable for a 'non-conditional purchase (not subject to finance) and depending on how quickly you can settle.
Property History for 32/14 Sandpiper Pl, Frankston, VIC 3199
- 30 Jul 2025Sold - Price Undisclosed
- 20 May 2025Listed for Sale $125,000 - $135,000
- 21 Aug 2019Listed for Rent $225
Recent sales nearby
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About 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 21,756 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:
- The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
- Houses have a median rent of $570 while Units have a median rent of $480.
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