Back 212/435 Nepean Highway
Off Market

212/435 Nepean Highway

Frankston VIC 3199

1
1
25.6 m²
Apartment
Gavin ZeitzGavin Zeitz, last sold this property on 27 August 2025 after 8 days on market.

Overview

Coastal Charm Meets Incredible Returns. 9% in Your Pocket with 4% increases year on year until 2045

Just steps from the shoreline, Apartment 212 at The Peninsula on the Bay offers the perfect mix of investment security and beachside appeal. This fully furnished studio delivers modern, open-plan living, a generous bathroom, sleek kitchen, and a sunlit balcony with coastal outlooks-making it an ideal low-maintenance property for investors or first-time buyers. Currently leased with a solid return of $11924 per annum and annual 4% increases, this opportunity is SMSF-friendly and backed by a long-term tenant with two 5-year options plus a 7-year option in place. Priced competitively for a quick sale, it offers an effortless entry into the thriving Frankston market. Options run until 2045. Features Include; * Light-filled studio layout with open plan flow * Private balcony * Large bathroom with premium finishes * Sleek kitchen with cooktop, oven & storage * Full access to gym, business lounge & terrace * On-site launderette with New York-style design * Walk to cafés, dining and boutique retailers * Steps to Frankston Beach, trains & shops Perfectly positioned at the gateway to the Mornington Peninsula, this apartment offers an unbeatable mix of lifestyle, location, and long-term value. Properties like this move fast-enquire now to avoid missing out.

Features

1 bedroom
1 bathroom
25.6 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Frankston over the last 12 months, the estimated median property value of 212/435 Nepean Highway is $210k.

Median value
$210k
Estimated value range
$80k - $610k
Median days on market
30
Estimated value trend
-25%
decrease 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 212/435 Nepean Highway

2025
Sold
Undisclosed
27 Aug 2025 by Gavin Zeitz, of G&H Property Group

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 217 reviews in Frankston over the last 12 months.

Local market activity for 1 bedroom apartments in Frankston

In the last 12 months, 31 one-bedroom apartments similar to 212/435 Nepean Highway, have been sold.

This represents a 11% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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