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153/325 Nepean Highway, Frankston VIC 3199

$154,000

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$154k - $162k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car

Listed: 21 days ago

Updated: 7 hours ago

Overview

This budget-friendly studio apartment presents a smart opportunity for first-home buyers, investors, or those seeking a convenient lifestyle base near Frankston's popular amenities. Situated on the first floor of a solid brick building, the apartment offers low-maintenance living enhanced by a brand new split-system air conditioner, ensuring comfort year-round.

The property comes fully furnished with all furniture and appliances included, making it perfectly suited for immediate occupation or hassle-free rental investment. Its compact design optimizes usability without sacrificing comfort, appealing especially to singles or couples valuing convenience over space.

Location is a standout feature, with the beach, shopping center, and train station all within walking distance. This allows easy access to recreation, retail, and transport without reliance on a car, supporting a relaxed coastal lifestyle.

Investors will find appeal in the estimated rental return of $310 per week and a strong gross rental yield of approximately 10.5%, supported by low annual council rates and manageable owners corporation fees. The fixed asking price reflects the apartment's affordability and immediate potential.

Solid brick construction offers durability and low upkeep
Fully furnished, making transition to occupancy seamless
Climate control through new air conditioning system
Excellent proximity to local beaches, shops, and transport hubs
Strong rental yield indicative of investment potential

Overall, this fully furnished studio apartment offers a practical and accessible option for buyers wishing to secure a foothold in Frankston's property market or expand their rental portfolio with a property that requires minimal management.

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.