220/435 Nepean Highway
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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
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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 Frankston — 123 m away
- Unnamed — 97 m away
- Evelyn Park — 465 m away
- Unnamed — 497 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.
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Property Report
Traffic & Congestion
Congestion level
Low
Moderate
High
Peak hour impact
Morning peak (7-9 AM) and evening peak (5-7 PM) experience increased congestion on Nepean Highway, particularly southbound in morning and northbound in evening. Weekend traffic is generally lighter.
Public transport
Frankston Station is approximately 1.5km away (15-minute walk), providing regular train services on the Frankston Line. Local bus services operate along Nepean Highway with stops within 200-400m.
220/435 Nepean Highway is located on Frankston's primary arterial route with moderate traffic flow. The location experiences peak-hour congestion during morning and evening commute periods, typical for an inner-suburb corridor.
Nearby major roads
Suburb market
Suburb price trend
Frankston price trend
Median sold · Unit 1 bed
Compound growth -8.1% / 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
1 price change recorded for this property
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