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1/10 Parer Street

Frankston, VIC 3199, Australia
$590,000
2 bed 1 bath 1 car223m²

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Area Price Guide
$554,600$625,400

Indicative price guide range

🏘️
62
Comparable
📊
$730,000
Area median
⚖️
-19%
vs median
📐
$2,646
Per m²
📏
223 m²
Land
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Frankston Primary School

Zoning

GRZ1 — General Residential Zone - Schedule 1

Frankston Planning Scheme

Public transport

Data unavailable

Traffic

Moderate congestion

Morning peak (7-9am) and afternoon peak (4-6pm) see increased traffic on Nepean Highway and Frankston-Dandenong Road. Local streets like Parer Street experience light to moderate congestion as residents commute to employment centers.

Flood risk

Medium

Frankston experiences medium flood risk primarily from Kananook Creek inundation and localised stormwater flooding, with some coastal vulnerability to Port Phillip Bay flooding and storm surge. Large areas fall within LSIO and parts within SFO, requiring careful site assessment and flood-aware design for new development or redevelopment. Historical flooding events in the catchment and ongoing urbanisation mean planners should verify overlay status and floor-level requirements for individual properties.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Nearby development

6 projects nearby

Frankston is experiencing moderate development activity focused on waterfront renewal, CBD intensification and suburban infill, supported by rail accessibility and healthcare investment. The municipality is pursuing housing diversity within established precincts whilst managing heritage considerations in the central business district. Key drivers include population growth in the southern corridor, state government infrastructure funding and strategic planning for urban consolidation.

Heritage

Heritage listed

Frankston's town centre contains several locally and state-significant heritage items dating from the late 19th and early 20th centuries, particularly around the railway precinct and waterfront. The suburb has heritage overlays affecting the CBD and selected residential areas, with conservation requirements for the historic commercial core and some residential heritage character areas. Most outer residential areas of Frankston are post-war suburban development with minimal heritage overlay.

Sources: Australian Gov open data + StMate AI
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Property Photos

About this property

Positioned at the front of just two and offering the rare bonus of no body corporate, this exceptionally neat and well-maintained unit delivers low-maintenance living in a location that truly does the heavy lifting. Comprising two comfortable bedrooms, a central bathroom, and a secure lock-up garage, the home is perfectly suited to downsizers seeking simplicity, first home buyers entering the market, or investors chasing a smart, set-and-forget addition to their portfolio. The interior presents beautifully, with a sense of order and care that makes moving in or leasing out feel refreshingly straightforward. Currently tenanted on a month to month basis at $400 per week, it offers immediate return with future flexibility. Step outside and you're only a short stroll to Beach Street shops, where cafés, essentials, and a touch of seaside charm are always within reach. And of course, the beach itself is close enough to become part of your daily rhythm. A tidy package in a tightly held pocket, this is easy living with a coastal heartbeat.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $2,860/month
    $1,430 /fortnight
    Loan $472,000 at 6.10% over 30 years

    Upfront costs

    Deposit$118,000
    Stamp duty$30,470
    Conveyancing (est.)$2,000
    Total upfront$150,470
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    apartment
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    1
    Parking
    1
    Land Area
    223m²
    Listed
    3 weeks ago

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