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2 Heath Avenue, Frankston VIC 3199

Sold

Search Band Search Visibility Band

$1.7M - $1.8M Medium Confidence Calculated based on our search observations.

House 11 Beds 11 Baths 7 Cars

Listed: 20th Jul 2026

Updated: 31st Jul 2026

Overview

This centrally located property represents a significant investment opportunity for those seeking an established, consistently high-yielding asset. Operating as a well-maintained rooming house, the home comprises 11 bedrooms, each with its own private bathroom, which caters to tenant privacy and convenience.

Designed to facilitate communal living while ensuring individual comfort, the property includes a shared kitchen, supporting a practical environment for residents. The ample off-street parking, including seven parking spaces and carports, provides necessary convenience for tenants and visitors alike.

With a current gross annual return estimated at approximately $130,000, this property appeals to investors looking for either an active or passive management role. The scale of the accommodation and the setup position it distinctively within the rental market, ideal for maximising income with a relatively hands-off approach. This property stands out for those prioritising income generation balanced with ease of management within an established community setting.

Local Market Insights

In Frankston, Quiet Listings observed 65 new houses entering the market over the last 30 days, up from 56 during the previous 30-day period, with an average advertised asking price of $1,053,769. The property type mix of listed properties is predominantly Houses at 71%, followed by units (12%), and apartments (7%). The most active agency for houses in the Frankston area is currently OBrien Real Estate, representing 23% of new listings, followed by Ray White with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.