4/2 Spray StreetFrankston VIC 3199
Property Details for 4/2 Spray St, Frankston
4/2 Spray St, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 155m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 2 bedroom Unit sold in Frankston in the last 12 months.
Last Listing description (July 2026)
2 Spray Street, Frankston
Smart investors, this is exactly the type of asset that quietly performs while others sit on the sidelines.
Set within an attractive, well-maintained complex, this immaculate 2-bedroom unit comes with a standout advantage - a long-term tenant who treats the home like her own and keeps it in exceptional condition. Reliable, respectful, and already in place the hard work is done.
Investment Snapshot
Current Rent: $450 per week
Rental Potential: $500 per week
Strong upside with immediate room for growth
Low-maintenance, set-and-forget holding
The Property
Two generous bedrooms (WIR to master, BIR to second)
Light-filled open plan living, dining & kitchen
Stainless steel appliances, dishwasher & ample storage
Gas ducted heating + split system cooling
Central bathroom with separate toilet
Full laundry with external access
Single lock-up garage + additional driveway parking
Private, low-maintenance rear yard with established greenery
The Location
Positioned for pure convenience with seamless access to:
Frankston-Dandenong Road
Beach Street
Peninsula Link
Local shops, services & transport
This is the kind of acquisition that suits buyers' agents, seasoned investors, or anyone chasing a clean, low-risk addition to their portfolio with immediate income and future rental upside.
Off-market means limited exposure - and limited time.
Properties like this don't need the open market to achieve a premium result.
Property History for 4/2 Spray St, Frankston, VIC 3199
- 09 Jul 2026Listed for Sale $530,000
- 09 Jul 2026Sold for $520,000
- 07 Feb 2022Listed for Rent $360 / week
Recent sales nearby
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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 21,778 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.
Suburb Insights for Frankston 3199
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