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
Heritage & Conservation
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.
Restrictions
- Heritage Impact Assessment may be required for demolition or external alterations
- Restrictions on external cladding and material changes to significant facades
- Planning permit required for works to heritage-significant trees
- Limitation on new development height/setbacks in conservation overlay areas
Nearby heritage items
Distance from this property is exact (rings = km). Direction is illustrative.
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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