Home/Properties/Frankston/1/10 Parer Street
1/10 Parer Street, Frankston$575,000
Back to results
For Saleapartment

1/10 Parer Street

Frankston, VIC 3199, Australia
$550,000 – $600,000
2 bed 1 bath 1 car223 m²

Compare with other listings

See it side-by-side · winner per row · AI verdict.

Image 1
Image 2
Image 3

Photos via the original listing. All photographs remain the property of their respective owners.

Maps & AI

Ask StMate AI

Loading map…

AI Property Assistant

Ask anything about this property

Hi! I'm your AI property assistant. Ask me anything about 1/10 Parer Street — pricing, schools, transport, investment potential, and more.

Approximate location shown. Contact agent for exact address.

Gallery

Property Photos

Listing description

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 Details

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

Repayment calculator

$2,788/month
$1,394 /fortnight
Loan $460,000 at 6.10% over 30 years

Upfront costs

Deposit$115,000
Stamp duty$29,570
Conveyancing (est.)$2,000
Total upfront$146,570
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.

Know what you can borrow

Talk to a mortgage broker about pre-approval and your best rate — free, no obligation.

Inspections

Interested in inspecting this property?

Check the next open inspection time or request a private viewing on Domain.

Book inspection on Domain

Work at Aquire? Claim this listing to sync your ads with StMate.

Neighbourhood

Living in Frankston

This 2-bedroom apartment in Frankston, VIC 3199 sits within reach of public transport, local shops and nearby schools. It is listed 30% below the $822,500 median of 54 comparable apartmentswithin 5 km.

Schools near Frankston

  • Frankston Special Developmental Schoolcombined · U · CoEd
  • Ballam Park Primary Schoolprimary · Prep-6 · CoEd
  • Frankston East Primary Schoolprimary · Prep-6 · CoEd
  • Frankston Heights Primary Schoolprimary · Prep-6 · CoEd
  • Frankston Primary Schoolprimary · Prep-6 · CoEd
  • Karingal Heights Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Frankston Station, platform 2 (train)1.2 km away
  • Tyrepower1.0 km away
  • Unnamed660 m away
  • Wingham Park1.1 km away
  • Orwil Street Reserve1.1 km away

Frankston at a glance

Full suburb profile
Population
37,331
Median age
39
Household income
$1,387/wk
Median rent
$342/wk
Median mortgage
$1,733/mo

Source: ABS Census.

Due diligence

Property Report

Flood Risk

Complete
Medium flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO) and Significant Flood Hazard Overlay (SFO) – Kananook Creek and Port Phillip Bay coastal areas

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.

Planning controls

  • LSIO mapping requires flood-aware site assessment and elevation considerations for new development
  • SFO applies to areas with significant flood hazard; floor levels and building design must account for PMF or 1% AEP flood levels
  • Stormwater management and drainage design must comply with Melbourne Water standards for Kananook Creek catchment
  • Coastal inundation risk assessment required for properties near Port Phillip Bay shoreline
Source: StMate AI — VIC flood overlays06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Frankston price trend

Median sold · Unit 2 bed

Compound growth +3.9% / yr over 4 yrs

$575kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Frankston market

This listing

Price history

Price history

Listing price changes

2 price changes recorded for this property

See exactly how this listing's price has moved over time— a paid feature. The figures aren't shown publicly.

Within 5km

Nearby Properties

View all in Frankston