4/1-3 THE RIDGE, Frankston South$382,500
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4/1-3 THE RIDGE

Frankston South, VIC 3199, Australia
$365,000 – $400,000
1 bed 1 bath 1 car

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About this property

Situated in one of Frankston South's most desirable pockets and within the highly sought-after Frankston High School Zone, this renovated one-bedroom, ground-level unit enjoys a superb lifestyle location just a short walk to the beach. Offering easy access to parks, shops, cafés and bus routes, the home is surrounded by quality new builds and charming heritage residences, enhancing its long-term appeal. Privately positioned at the rear of a well-maintained group, this neatly presented and affordable unit presents an excellent opportunity for first-home buyers, downsizers or savvy investors alike. Property is leased till Oct/2026 for $430 per week to a wonderful tenant. This compact and low-maintenance residence features: - Modern renovated kitchen adjacent to living area - Split system heating & cooling to both living and master - Mirrored built-in robes - Electric hot water - Timber & Tiled floors - Private outdoor courtyard - One Single off- streetcar park - Bus stop virtually at the front door - Less than 700 metres to the beach - Less than 1k to Frankston Shopping Centre - Close proximity to Frankston Hospital and Train Station - Less than 2 k's to Monash University Call Harry Issar on 0433 301 181 to arrange your private inspection today. Please note Photo ID is required for all inspections. Disclaimer -1 - Images and videos used in this listing are sourced from archive and may not accurately reflect the property's current condition at the time of inspection. All prospective buyers are strongly encouraged to conduct their own inspection and due diligence before making any purchasing decision. The vendor and the vendor's agents make no representation or warranty as to the accuracy of the images or information provided and accept no responsibility or liability for any reliance placed upon them. Disclaimer -2 - All information (including but not limited to the property area, floor size, price, address and general property description) above is provided as a convenience to you, and has been provided to us by third parties. Disclaimer 3 - Investors, please note that minimum rental standards now apply in Victoria and purchasers should make their own enquiries if the property is compliant. Important links for buyers: https://www.consumer.vic.gov.au/housing/renting/repairs-alterations-safety-and-pets/minimum-standards/minimum-standards-for-rental-properties Information contained on the listing or description should not be relied upon and you should make your own enquiries/inspections and seek legal advice in respect of any property or the information about the property contained on our listings.

Property Details

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

Repayment calculator

$1,854/month
$927 /fortnight
Loan $306,000 at 6.10% over 30 years

Upfront costs

Deposit$76,500
Stamp duty$18,020
Conveyancing (est.)$2,000
Total upfront$96,520
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 South

This 1-bedroom apartment in Frankston South, VIC 3199 sits within reach of public transport, local shops and nearby schools. It is listed 61% below the $985,000 median of 63 comparable apartmentswithin 5 km.

Schools near Frankston South

  • Woodleigh School - Minimbah Campuscombined
  • Derinya Primary Schoolprimary · Prep-6 · CoEd
  • Mount Erin Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Gweno Avenue/Kars Street (bus)57 m away
  • Overton Cellars621 m away
  • Frankston Jamboree Park314 m away
  • Marama Drive Reserve533 m away
  • Unnamed640 m away

Frankston South at a glance

Full suburb profile
Population
18,801
Median age
44
Household income
$2,038/wk
Median rent
$420/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Frankston South price trend

Median sold · Unit 3 bed

Compound growth +2.9% / yr over 4 yrs

$864kcurrent median

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Full Frankston South market

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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