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220/435 Nepean Highway, Frankston$240,000
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For Saleapartment

220/435 Nepean Highway

Frankston, VIC 3199, Australia
$230,000 – $250,000
1 bed 1 bath

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Listing description

About this property

A 'Set & Forget' investment. Situated on the 2rd floor of the outstanding 'PENINSULA ON THE BAY' building, only minutes' walk to the Award winning beach of Frankston, an array of quality restaurants and at the gateway of the beautiful Mornington Peninsula. • Currently tenanted to Quest Apartments (term 5x5x5 years) • Rent approx. $13,400 p.a. (approx. $260pw) • Fully furnished including cutlery & crockery. • Quality Fisher & Paykel appliances • Secure key card entry • Granite bench tops to kitchen • Access to Gym 24/7 • Access to outdoor BBQ & entertaining area

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$1,164/month
$582 /fortnight
Loan $192,000 at 6.10% over 30 years

Upfront costs

Deposit$48,000
Stamp duty$9,470
Conveyancing (est.)$2,000
Total upfront$59,470
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.

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Neighbourhood

Living in Frankston

This 1-bedroom apartment in Frankston, VIC 3199 sits within reach of public transport, local shops and nearby schools. It is listed 70% below the $799,000 median of 72 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/Young Street (Bay G) (bus)327 m away
  • General Games Frankston123 m away
  • Unnamed97 m away
  • Evelyn Park465 m away
  • Unnamed497 m 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

Schools

Complete

Frankston is a major suburban centre in Melbourne's southeast with strong public schooling options anchored by Frankston High School and Frankston Primary. Catholic and independent schools provide alternatives within a few kilometres. Families should confirm their exact catchment zone via the Victorian government's school finder tool.

Schools near this property

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Education

Schools in Frankston

Government school catchment

Frankston Special Developmental School

UCoEdGovernment
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Ballam Park Primary School

Prep-6CoEdGovernment
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Frankston East Primary School

Prep-6CoEdGovernment
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Frankston Heights Primary School

Prep-6CoEdGovernment
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Frankston Primary School

Prep-6CoEdGovernment
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Karingal Heights Primary School

Prep-6CoEdGovernment
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Karingal Primary School

Prep-6CoEdGovernment
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Kingsley Park Primary School

Prep-6CoEdGovernment
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Overport Primary School

Prep-6CoEdGovernment
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Independent & Catholic schools

St Francis Xavier School

Prep-6CoEdCatholic
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David Scott School

10-12CoEdPrivate
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David Scott School - High Street Campus

Private

Catchment information is indicative only. Always verify with the relevant state education department before making enrolment decisions.

Source: StMate AI — VIC schools06/05/2026
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 1 bed

Compound growth -8.1% / yr over 4 yrs

$225kcurrent 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

1 price change recorded for this property

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Within 5km

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