9/402 Nepean HighwayFrankston VIC 3199
Property Details for 9/402 Nepean Hwy, Frankston
9/402 Nepean Hwy, Frankston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 3575m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last transferred in August 2009.
Last Listing description (March 2016)
Located within walking distance of Frankston CBD, beach, station and Kananook Creek, this 2 bedroom unit is an ideal investment property or, for the right buyer and a little TLC, a new home.
As you stand on the north facing balcony taking in the sea views and feeling the sea breeze, you can glimpse the potential this property has to offer. The unit itself is in original but clean condition and on inspection you will see it has become a well-loved home for the current tenant. It is leased until 8/11/16 with a weekly rental return of $240. The complex has a well maintained private yard with swimming pool and secure coded access to unit from carpark or pool side. There is a single undercover parking spot assigned to the unit plus a store room and guest off-street parking.
This is a perfect opportunity to purchase a property that reflects a lifestyle choice as well as an investment to the discerning buyer.
Inspection By Appointment Only (Between 10am -10.30am Saturdays)
Appointments must be booked Miidday Friday
Property History for 9/402 Nepean Hwy, Frankston, VIC 3199
- 16 Feb 2015Listed for Sale $230,000+
- 01 Aug 2009Transferred
- 10 May 2009Sold for $215,000
Recent sales nearby
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0About 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.
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