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35/14 Sandpiper Place, Frankston VIC 3199

$135,000

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$135k - $142k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bath 1 Car

Listed: 30th Jul 2026

Updated: 1st Aug 2026

Overview

This studio apartment within a distinctive converted nursing home complex offers a smart, affordable entry point into the Frankston property market. The original 44-bed nursing home has been thoughtfully transformed into individual strata titled apartments, providing a unique community environment.

Apartment 35 stands out with its practical and low-maintenance design. The open-plan living and sleeping space is enhanced by built-in storage and a functional kitchenette, making efficient use of the compact footprint. A private bathroom includes essential amenities with a shower, vanity, and toilet, while a split-system air conditioner ensures comfort throughout the year regardless of the season.

Residents benefit from shared facilities promoting social interaction and convenience, including secure coded entry and CCTV for peace of mind. Shared communal spaces such as spacious lounges, dining areas, conversational nooks, and a communal kitchen complement the apartment. Additionally, card-operated laundry facilities, established gardens, and off-street parking add to the quality of life in this complex.

A significant advantage for residents is the inclusion of gas and electricity in the Owners Corporation fees, simplifying monthly outgoings and easing budgeting. This setup, combined with an expected rental income of approximately $300 to $330 per week, appeals to investors seeking consistent returns with minimal upkeep.

Strategically positioned close to Frankston’s commercial precinct, public transport hubs, medical services, freeway access, and the waterfront, the location supports connectivity and convenience. This apartment is ideal for investors targeting affordable yet high-potential rental opportunities or individuals seeking a compact residence in a well-connected area.

Secure complex with coded access and CCTV surveillance
Shared facilities encouraging community living and convenience
Gas and electricity included in management fees simplifies living costs
Expected solid rental returns make it a viable investment
Close proximity to essential amenities and transport links

Local Market Insights

In Frankston, Quiet Listings observed 5 new apartments entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $763,800. The property type mix of listed properties is predominantly Houses at 71%, followed by units (12%), and apartments (7%). The most active agency for apartments in the Frankston area is currently Ray White, representing 80% of new listings, followed by Real Estate Champions 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.