332 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
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332 Nepean Highway
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 3
Car spaces: 5
Floor area: 1439m2
Land area: 899m2
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Property Details for 332 Nepean Hwy, Frankston

332 Nepean Hwy, Frankston is a 2 bedroom, 3 bathroom House with 5 parking spaces and was built in 1950. The property has a land size of 899m2 and floor size of 1439m2. While the property is not currently for sale or for rent, it was last sold in November 2016.

Building Type
House
Year Built
1950
Floor Size
1439m2
Land Size
899m2
Local Government
Frankston
Lot/Plan
1/TP897529

Last Listing description (November 2016)

It is your opportunity to secure this unique home office investment asset with immediate returns.
- Fully refurbished throughout
- Nepean Highway exposure

- Creek views at rear
- Security perimeter fencing
- Air-conditioning/heating throughout
- Beautifully landscaped
- Metres from Frankston's CBD
- Close to train station and bus stops
- Easy access to Frankston beach
- 40 Minutes from Melbourne's CBD
Unit 332A
- Monthly lease
- Currently returning $15,000pa
- Perfect for 1 or 2 person business
- 2 Office areas
- Internet connections
- Nepean Highway frontage
- Rear courtyard area
- Storage room
- Staff amenities include shower & toilet
- Rear creek views
Unit 332
- 2 Year lease commenced 10/05/2016
- Currently returning $27,673pa
- 2 Levels of polished floors and freshly painted
- Staff amenities on both levels
- Onsite parking for 5 cars (2 undercover)

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Property History for 332 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,239,000
10 Nov 2016
Listed for Rent
$508/w
13 Nov 2014
  • 10 Nov 2016
    Sold for $1,239,000
  • 07 Oct 2016
    Listed for Sale Not Disclosed
  • 30 Aug 2014
    Listed for Rent - Price not available
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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.
There are currently 68 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1188 properties were sold in the past 12 months in Frankston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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