1/10 Parer Street
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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
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Upfront costs
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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
- Tyrepower — 1.0 km away
- Unnamed — 660 m away
- Wingham Park — 1.1 km away
- Orwil Street Reserve — 1.1 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
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
Suburb market
Suburb price trend
Frankston price trend
Median sold · Unit 2 bed
Compound growth +3.9% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Frankston marketThis listing
Price history
Price history
Listing price changes
2 price changes recorded for this property
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