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Back 215/435 Nepean Highway
Off Market

215/435 Nepean Highway

Frankston VIC 3199

1
1
51.3 m²
Apartment
Mandy FountainMandy Fountain, last sold this property on 17 August 2026 after 5 days on market.

Overview

SOLD 24 HOURS BY MANDY FOUNTAIN - SERVICED APARTMENT LEADER

INVESTORS BE QUICK! 1 bed $19,556 pa - $375 pw rent Secure this wonderful investment apartment at Quest Frankston on the Bay, ideally located in the heart of Frankston, just steps from the Frankston Foreshore and close to cafés, restaurants, shopping and public transport. This light-filled studio offers a low-maintenance investment with an open-plan layout, sleek kitchen with cooktop, oven and storage, generous bathroom and private balcony. JUST COMPLETED CARPET, PAINT AND ELECTRICAL UPGRADES. Quest Frankston on the Bay offers guests a comfortable serviced apartment experience with access to a gym, business lounge, terrace and onsite launderette. The property is under a long-term lease, providing investors with a secure rental income stream, a scheduled 4% rental increase and a market review. INVESTMENT DETAILS Property: Lot 215, 435 Nepean Highway, Frankston VIC Balcony: 1 Bathroom: Large Bathroom LEASE DETAILS Price: $235,000 Current Rent: $375 per week | $19,556 per annum Current Gross Return: 8.32% Current Net Return: 7.06% Rent Increases as follows: April 2027: +4% increase = $20,338.24 p.a. 8.65% Gross Return April 2028: Market Review Lease: April 2028 with 17 years of options remaining OUTGOINGS Council Rates: $1,100 p.a. Water Rates: $800 p.a. OC Sinking Fund: $1,050 p.a. OC Admin levies paid by hotel Total Annual Outgoings: $2,950 p.a. A strong opportunity for investors seeking a high-yield, low-maintenance serviced apartment with a long-term lease, scheduled rental growth and a prime Frankston location close to the beach, shops, dining and transport. For more information, please contact Mandy Fountain 0408 10 30 10. Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations. DISCLAIMER The information contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice. Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.

Features

1 bedroom
1 bathroom
51.3 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 215/435 Nepean Highway is $210.1k.

Median value
$210.1k
Estimated value range
$80k - $610k
Median days on market
25
Estimated value trend
-1%
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 215/435 Nepean Highway

2026
Sold
Undisclosed
Private Sale/Treaty on 17 Aug 2026 by Mandy Fountain, of Serviced Apartment Sales
2023
Sold
Undisclosed
Private Sale/Treaty on 10 Dec 2023 by Shane Teo, of Ray White Frankston

Happy sellers in Frankston

86%
86% 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 165 reviews in Frankston over the last 12 months.

Local market activity for 1 bedroom apartments in Frankston

In the last 12 months, 25 one-bedroom apartments similar to 215/435 Nepean Highway, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Frankston

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Michael McClure

Sellers who recommend Michael McClure have praised them for being clear communication, local expert, honest, friendly, supportive, reliable and responsive

  •   4.9   (487 reviews)
  •  48 Reviews in Frankston
  •  45 Sales in Frankston
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Luke Magree

Sellers who recommend Luke Magree have praised them for being clear communication, local expert, responsive, supportive, honest, friendly and well-prepared

  •   5   (274 reviews)
  •  32 Reviews in Frankston
  •  90 Sales in Frankston
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Adam Price

Adam Price is a recommended agent for Frankston.  They have 19 local sales and collected 10 local reviews across the last 12 months.

  •   5   (104 reviews)
  •  10 Reviews in Frankston
  •  19 Sales in Frankston
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Brooke Wegener

Brooke Wegener is a recommended agent for Frankston.  They have 18 local sales and collected 10 local reviews across the last 12 months.

  •   4.9   (180 reviews)
  •  10 Reviews in Frankston
  •  18 Sales in Frankston
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