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Back 4/2 Spray St
Off Market

4/2 Spray St

Frankston VIC 3199

2
1
2
Apartment
Last sold for $520,000
Aaron FrolingAaron Froling, last sold this property on 09 July 2026 after -19 days on market.

Overview

Another Premium Off-Market Investment | Proven Tenant, Immediate Upside

2 Spray Street, Frankston Smart investors, this is exactly the type of asset that quietly performs while others sit on the sidelines. Set within an attractive, well-maintained complex, this immaculate 2-bedroom unit comes with a standout advantage - a long-term tenant who treats the home like her own and keeps it in exceptional condition. Reliable, respectful, and already in place the hard work is done. Investment Snapshot Current Rent: $450 per week Rental Potential: $500 per week Strong upside with immediate room for growth Low-maintenance, set-and-forget holding The Property Two generous bedrooms (WIR to master, BIR to second) Light-filled open plan living, dining & kitchen Stainless steel appliances, dishwasher & ample storage Gas ducted heating + split system cooling Central bathroom with separate toilet Full laundry with external access Single lock-up garage + additional driveway parking Private, low-maintenance rear yard with established greenery The Location Positioned for pure convenience with seamless access to: Frankston-Dandenong Road Beach Street Peninsula Link Local shops, services & transport This is the kind of acquisition that suits buyers' agents, seasoned investors, or anyone chasing a clean, low-risk addition to their portfolio with immediate income and future rental upside. Off-market means limited exposure - and limited time. Properties like this don't need the open market to achieve a premium result.

Features

2 bedrooms
1 bathroom
2 carspaces
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 4/2 Spray St is $495.5k.

Median value
$495.5k
Estimated value range
$238k - $990k
Median days on market
25
Estimated value trend
20%
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 4/2 Spray St

2026
Sold
$520,000
Private Sale/Treaty on 09 Jul 2026 by Aaron Froling, of fosterfroling Real Estate
2022
Rented
Undisclosed
Leased on 17 Mar 2022 by fosterfroling Real Estate
2021
Rented
Undisclosed
Leased on 25 Mar 2021 by fosterfroling Real Estate

Happy sellers in Frankston

90%
90% 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 186 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom apartments in Frankston

In the last 12 months, 66 two-bedroom apartments similar to 4/2 Spray St, have been sold.

This represents a 6% increase in two-bedroom apartments sales when compared to the previous 12 months.

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   (478 reviews)
  •  46 Reviews in Frankston
  •  44 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 pleasant

  •   5   (260 reviews)
  •  33 Reviews in Frankston
  •  96 Sales in Frankston
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Adam Price

Adam Price is a recommended agent for Frankston.  They have 22 local sales and collected 15 local reviews across the last 12 months.

  •   5   (104 reviews)
  •  15 Reviews in Frankston
  •  22 Sales in Frankston
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Juan Merchan

Sellers who recommend Juan Merchan have praised them for being local expert, clear communication, supportive, reliable, honest, great negotiation and friendly

  •   4.9   (269 reviews)
  •  12 Reviews in Frankston
  •  16 Sales in Frankston
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