Back 3/402 Nepean Hwy
Off Market

3/402 Nepean Hwy

Frankston VIC 3199

2
1
1
67 m²
67 m²
Apartment
Last sold for $420,000
Aaron FrolingAaron Froling, last sold this property on 27 November 2025 after -13 days on market.

Overview

2 BR Apt with Balcony - Rear Gated Access to Kananook Creek Trail & Beach - Low Owners Corp Fees - Undercover Carpark & Storage Unit

This well presented apartment is now available with vacant possession, offering the perfect opportunity for home buyers or savvy investors alike with $420 per week in rental returns. This unit represents a fantastic balance of lifestyle appeal and investment potential in one of Frankston's most convenient bayside pockets. Property highlights * Two spacious bedrooms with built-in robes * Light-filled open-plan living opening to a balcony overlooking the resident pool and large grassed common area * Stylishly renovated kitchen and modern bathroom/laundry * Split-system heating and cooling for year-round comfort * Separate lock-up storage unit beside the undercover carport - perfect for bikes, camping gear, or extra belongings * Fully compliant with current tenancy regulation standards for investor peace of mind Location advantages * Direct rear access to Kananook Creek trail and footbridge linking straight to the foreshore & beach * Walking distance to Frankston beach, CBD, cafés, train station, and schools * Situated in Melbourne's premier bayside growth hub, where demand remains consistently strong Whether you're searching for your new home or your next investment, this low-maintenance bayside gem ticks every box - position, presentation, and potential.

Features

2 bedrooms
1 bathroom
1 carspace
67 m² floor area
67 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 3/402 Nepean Hwy 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 3/402 Nepean Hwy

2025
Sold
$420,000
Private Sale/Treaty on 27 Nov 2025 by Aaron Froling, of fosterfroling Real Estate
2025
Rented
Undisclosed
Leased on 20 Nov 2025 by fosterfroling Real Estate
2022
Rented
Undisclosed
Leased on 25 Sep 2022 by fosterfroling Real Estate

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 2 bedroom apartments in Frankston

In the last 12 months, 69 two-bedroom apartments similar to 3/402 Nepean Hwy, have been sold.

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

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