Back 609/435 Nepean Highway
Off Market

609/435 Nepean Highway

Frankston VIC 3199

1
1
Apartment
Last sold for $215,000
Adrian FosterAdrian Foster, last sold this property on 01 October 2025 after 197 days on market.

Overview

Own your own beachside haven on the Peninsula

For those looking to enter the property market or diversify their property portfolio, The Peninsula on the Bay offers stunning residential apartments designed with innovation and style to a backdrop of gorgeous views. Well-suited to a first-time homeowner to enjoy the perfect coastal lifestyle, or to purchase as an investment property, this self-contained apartment is the perfect turnkey start. Situated prominently on Nepean Highway opposite the renowned Frankston beach, apartment 609 at The Peninsula on the Bay features a fabulous private balcony welcoming an abundance of natural light. This 1-bedroom, 1-bathroom apartment comes fully furnished with a Danish inspired furniture package, all kitchen utilities and utensils, BIR, Wi-Fi access already installed, wall mounted plasma screen TV, reverse cycle heating and cooling and more! On-site you'll find the convenience of a New York style launderette, fully equipped gymnasium, entertainment terrace, restaurants, cafes and a professional Business Centre. Positioned ideally amongst Frankston's best gourmet restaurant, cafe, boutique shops and entertainment, The Peninsula on the Bay sits at the gateway to everything the Mornington Peninsula has to offer. With the Melbourne CBD only a 40 minute drive away, this an ideal development to invest in or own. 609/435 Nepean Highway rent is $1825.00pcm / $420.00 per week, and the wonderful tenant has a fixed term rental agreement until 24/07/2025. The annual owner cooperation fees are $6,948.92 and the council rates are $759.55 (approximately)

Features

1 bedroom
1 bathroom
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 609/435 Nepean Highway is $197.5k.

Median value
$197.5k
Estimated value range
$80k - $610k
Median days on market
30
Estimated value trend
-30%
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 609/435 Nepean Highway

2026
Rented
Undisclosed
Leased on 09 Jan 2026 by Ray White The Bayside Group
2026
Rented
Undisclosed
Leased on 08 Jan 2026 by Ray White The Bayside Group
2025
Sold
$215,000
Private Sale/Treaty on 01 Oct 2025 by Adrian Foster, of 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 1 bedroom apartments in Frankston

In the last 12 months, 32 one-bedroom apartments similar to 609/435 Nepean Highway, have been sold.

This represents a 15% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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