2 Alba StreetFrankston North VIC 3200
Property Details for 2 Alba St, Frankston North
2 Alba St, Frankston North is a 8 bedroom, 8 bathroom House with 2 parking spaces. The property has a land size of 613m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 8 bedroom House sold in Frankston North in the last 12 months.
Last Listing description (October 2025)
We are offering a unique opportunity to purchase an amazing residential property that currently generating cash flow of $135,840 p.a. in gross income – a yield of at least 8.33%.
This property is a newly built in December 2023 Class1B Rooming House comprising 8 room with 8 ensuites.
All rooms have access to the central kitchen as well as a coin operated laundry facility in the building.
It has all the necessary council approvals and is registered for use.
This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits.
This property features 613sqm (approx.) of land in a quiet street conveniently located just a few steps from bus stops, local milk-bar, shopping centres, primary and secondary schools, sporting clubs and parks. With major arterials, beaches and everything Frankston has to offer right at your doorstep.
This is a unique investment with high returns and some fantastic unique ownership benefits.
Property History for 2 Alba St, Frankston North, VIC 3200
- 31 Oct 2025Listed for Sale $1,630,000
- 23 Sep 2025Sold for $1,595,000
- 30 Jun 2025Listed for Rent - Price not available
Recent sales nearby
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About Frankston North 3200
The size of Frankston North is approximately 5.1 square kilometres. It has 17 parks covering nearly 37.0% of total area. The population of Frankston North in 2016 was 5762 people. By 2021 the population was 5711 showing a population decline of 0.9% in the area during that time. The predominant age group in Frankston North is 30-39 years. Households in Frankston North are primarily single parents and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston North work in a trades occupation.In 2021, 52.20% of the homes in Frankston North were owner-occupied compared with 51.10% in 2016.
Frankston North has 2,779 properties. Over the last 5 years, Houses in Frankston North have seen a 53.89% increase in median value, while Units have seen a 51.86% increase. As at 30 November 2025:
- The median value for Houses in Frankston North is $725,057 while the median value for Units is $627,020.
- Houses have a median rent of $500 while Units have a median rent of $460.
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