512/435 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
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512/435 Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
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Last updated 2 Feb 2026
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Property Details for 512/435 Nepean Hwy, Frankston

512/435 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.

Building Type
Unit
Year Built
1978
Floor Size
59m2
Local Government
Frankston

Last Listing description (January 2025)

A golden opportunity awaits the astute investor to secure this luxury bayside apartment; one of the very last remaining at Peninsula on the Bay.

Apartment 512 combines elegant contemporary design, convenience and a relaxed costal vibe. With strong returns of over 7% - this is an opportunity not to be missed!

In addition to the beach front location, this fully furnished one bedroom apartment comes with a Danish inspired furniture package, fully equipped kitchenette, Wi-Fi access already installed, wall mounted plasma screen TV, split cycle heating and cooling and much more!

Peninsula on the Bay also provides tenants access to an array of on-site services and facilities including a caf and restaurant, professional business centre with boardrooms and meeting rooms for hire, gymnasium, beauty salon, launderette and secure car parks.

Located right in the heart of the rapidly growing and popular suburb of Frankston and just a short stroll from a variety of cafes and restaurants, galleries, entertainment and shopping precincts; Peninsula on the Bay is the ideal addition to your investment portfolio.

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Property History for 512/435 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Listed for Rent
$360/w
14 Jul 2023
  • 15 Oct 2024
    Listed for Sale $180k-$198k - Owner Occupy or Rent Out
  • 14 Jul 2023
    Listed for Rent $360 / week
  • 26 Apr 2023
    Listed for Sale $175,000 - $192,500
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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 37.92% 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.
There are currently 101 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1161 properties were sold in the past 12 months in Frankston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. 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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