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About this property
For buyers wanting a low-maintenance investment in the heart of Frankston, this two-bedroom unit delivers immediate appeal with a long-term tenant already in place. Leased to the same fantastic tenant for the past five years, the property presents very well and offers the kind of stability investors value, with no body corporate and only three on the block adding to its straightforward appeal. The open-plan layout creates a practical, easy-care living space, supported by split system heating and cooling plus a gas heater for year-round comfort. Both bedrooms include built-in robes, while the kitchen comes equipped with an electric oven and gas hot plates. The bathroom is generously sized, the separate laundry is a welcome bonus, and the north-facing private yard provides a low-maintenance outdoor area that captures natural light and adds everyday liveability. In a central Frankston location, this is a smart choice for those seeking a solid addition to their portfolio or a well-positioned first step into the market. Contact me today for more details well-located properties with these features, no body corporate and a reliable tenant are rarely available for long.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Listed
- 2 months ago
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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.
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) — 1.4 km away
- Tyrepower — 1.3 km away
- Unnamed — 549 m away
- Wingham Park — 1.1 km away
- Unnamed — 1.3 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
Future Development
Frankston is experiencing moderate development activity driven by state government waterfront renewal investment, transport infrastructure upgrades, and residential infill pressure in established suburbs. The Karingal and Seaford precincts represent significant medium-density residential growth corridors, while the foreshore and CBD are targeted for mixed-use transformation to enhance the municipality's regional employment and lifestyle appeal.
Nearby projects
6
Closest
0.5 km
Frankston Waterfront Precinct Renewal
Distance from this property is exact (rings = km). Direction is illustrative.
Frankston Waterfront Precinct Renewal
0.5 kmLong-term urban renewal of Frankston's foreshore including retail, residential and public realm improvements aligned with State Government investment.
2026-2030
Retail and Commercial Precinct Upgrade
0.8 kmCouncil-supported revitalisation of Frankston CBD retail core with contemporary retail and hospitality uses.
Recent Residential DAs - Infill Development
1.5 kmScattered infill townhouse and dual-occupancy approvals across established residential precincts responding to housing demand.
Frankston Rail Extension and Station Precinct
2 kmMetropolitan government transport project including station precinct activation and TOD-zoned residential/commercial development potential.
Karingal Hub Residential Development
3 kmMulti-stage residential estate development in the Karingal precinct targeting medium-density townhouse and apartment lots.
Seaford Foreshore Mixed-Use
5 kmApartment and retail development leveraging coastal proximity and improved transport connectivity in adjacent Seaford suburb.
2025
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
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