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15/325 Nepean Highway, Frankston VIC 3199

$125,000

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$125k - $131k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car

Listed: 7th Aug 2026

Updated: 56 days ago

Overview

This ground floor studio apartment is tucked within a gated complex, offering a peaceful yet highly convenient lifestyle. Boasting a spacious layout, the unit features a kitchenette and a bathroom equipped with a shower, vanity, and toilet, providing practical living space ideal for single occupants or as an investment property.

Its standout attribute is the enviable location, just 250 meters from the beach and within easy walking distance of Frankston Central shopping, public transport, and the train station approximately 1.1 kilometers away. This mix of accessibility and coastal proximity underlines the apartment's appeal as a solid investment opportunity or a comfortable home base for those prioritizing convenience over size.

The building structure is described as extremely solid and sound, enhancing the property's value and durability. Recent upgrades include the installation of air conditioning, improving comfort year-round. Currently leased long term, it commands a rent of $245 per week against a market rental potential of about $285 per week, underscoring its investment viability.

Additional financial considerations include owner corporation fees of $654.85 per quarter and council rates of $119.00 per quarter, which are important factors for prospective buyers to consider. The property is fully compliant with rental regulations, ensuring security and stability for investors.

This apartment is particularly suited to investors looking for a low-maintenance, well-located asset, or professionals seeking a compact, functional coastal residence with excellent access to urban amenities and transport. The blend of a secure complex, proximity to key facilities, and affordable purchase price makes it a compelling proposition in the Frankston market.

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.