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220/435 Nepean Highway

Frankston, VIC 3199, Australia
1 bed 0 bath 0 car

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Area Price Guide
$216,200$243,800

Indicative price guide range

🏘️
61
Comparable
📊
$785,000
Area median
⚖️
-71%
vs median
🗓️
4 days ago
Listed

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Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Frankston High School

Zoning

GRZ1 — General Residential Zone

Frankston Planning Scheme

Public transport

10 stops within 1.5km

Nearest: Ross Smith Avenue/Nepean Highway (0.1km)

Traffic

Moderate congestion

Morning peak (7-9 AM) and evening peak (5-7 PM) experience increased congestion on Nepean Highway, particularly southbound in morning and northbound in evening. Weekend traffic is generally lighter.

Flood risk

Medium

Frankston is moderately flood-prone due to its proximity to Port Phillip Bay, coastal drainage systems, and local creek networks (notably Kananook Creek and affiliated waterways). The LSIO applies to significant portions of the suburb, particularly lower-lying areas and properties near drainage lines. Historical and contemporary flood studies by Cardinia Shire and Frankston City Council establish flood risks that trigger standard Victorian planning overlays and building controls.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Nearby development

6 projects nearby

Frankston is experiencing moderate development activity focused on CBD intensification, foreshore revitalisation and infill residential projects. The municipality is pursuing medium-density residential growth near the train station and key activity centres, with concurrent public realm and infrastructure improvements to support population growth. Development is generally constrained by suburban character overlays and coastal/environmental considerations but strategic precinct upgrades are driving incremental change.

Heritage

Not heritage listed

Frankston is a coastal suburban centre in Melbourne's south-eastern growth area with limited heritage overlay protection. The main heritage significance is concentrated around the railway station (early 20th century) and waterfront precinct rather than across residential neighborhoods. Most of the suburb comprises post-war and modern residential development with minimal formal heritage conservation areas.

Sources: Australian Gov open data + StMate AI
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About this property

A 'Set & Forget' investment. Situated on the 2rd floor of the outstanding 'PENINSULA ON THE BAY' building, only minutes' walk to the Award winning beach of Frankston, an array of quality restaurants and at the gateway of the beautiful Mornington Peninsula. • Currently tenanted to Quest Apartments (term 5x5x5 years) • Rent approx. $13,400 p.a. (approx. $260pw) • Fully furnished including cutlery & crockery. • Quality Fisher & Paykel appliances • Secure key card entry • Granite bench tops to kitchen • Access to Gym 24/7 • Access to outdoor BBQ & entertaining area

Property Features

    Location & Nearby

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    Approximate location shown. Contact agent for exact address.

    Neighbourhood Insights

    🏫
    7
    Schools
    Nearest 588m
    🚆
    19
    Transport
    Nearest 328m
    🌳
    30+
    Parks
    Nearest 97m
    🛍️
    30+
    Shops & dining
    Nearest 127m
    Nearby amenities from OpenStreetMap, within ~2km of this property

    Within 5km

    Nearby Properties

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