Back 1/9 Reid Street
Off Market

1/9 Reid Street

Frankston VIC 3199

2
2
1
90 m²
Apartment
Last sold for $460,000
Marsh SchwallieMarsh Schwallie, last sold this property on 29 June 2025 after 53 days on market.

Overview

Exceptional Investment Opportunity in Frankston's Thriving Heart

Positioned in one of Melbourne's fastest-growing coastal suburbs, 1/9 Reid Street, Frankston VIC 3199 presents a rare chance to secure a tenanted property in a high-demand location. This two-bedroom, two-bathroom unit with a dedicated parking space is currently under a fixed lease, offering immediate rental returns and long-term growth potential. Why Invest in Frankston? - Prime Location: Situated within walking distance to Frankston Hospital, Monash University Peninsula Campus, and the George Pentland Botanic Gardens, this property offers unparalleled convenience for tenants and strong appeal for investors. - Strong Rental Market: Frankston's rental market remains robust, with median rents for two-bedroom units at $450 per week, reflecting a 5% annual increase. - Capital Growth Potential: The suburb has seen consistent property value growth, with median unit prices reaching $527,500, indicating a healthy return on investment. - Lifestyle and Amenities: Frankston offers a vibrant lifestyle with its beautiful beaches, shopping precincts, and excellent public transport links, making it a desirable location for tenants and homeowners alike. Property Highlights - Spacious 2-bedroom, 2-bathroom unit - Secure parking space - Currently tenanted with a fixed lease in place Don't miss this opportunity to add a high-performing asset to your portfolio in a suburb poised for continued growth. For more information or to arrange a viewing, contact Marsh Schwallie today.

Features

2 bedrooms
2 bathrooms
1 carspace
90 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Frankston over the last 12 months, the estimated median property value of 1/9 Reid Street is $500k.

Median value
$500k
Estimated value range
$213k - $990k
Median days on market
24
Estimated value trend
25%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Frankston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/9 Reid Street

2025
Sold
$460,000
Private Sale/Treaty on 29 Jun 2025 by Marsh Schwallie, of OBrien Real Estate Cranbourne
2025
Rented
Undisclosed
Leased on 28 Feb 2025 by OBrien Real Estate Frankston
2020
Rented
Undisclosed
Leased on 18 Jan 2020 by McGrath Langwarrin

Happy sellers in Frankston

91%
91% of sellers in Frankston reported that their sale price either exceeded or met their price expectations.

Frankston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 218 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom apartments in Frankston

In the last 12 months, 68 two-bedroom apartments similar to 1/9 Reid Street, have been sold.

This represents a 2% increase in two-bedroom apartments sales when compared to the previous 12 months.

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