1/10 Parer Street, Frankston, Vic 3199

$590,000 - $649,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
223 m²
Area

Published on Monday, May 04, 2026 ( See property details for 1/10 Parer Street, Frankston, Vic 3199)

$590,000 - $649,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained, low-maintenance unit in a prime Frankston location, offering coastal living and immediate rental income.

🏡 Property Highlights

  • No body corporate for low-maintenance living
  • Front-positioned unit in a well-maintained complex
  • Close proximity to Beach Street shops and cafes
  • Short stroll to the beach for seaside lifestyle
  • Currently tenanted with immediate rental income
  • Ideal for downsizers, first home buyers, and investors

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Internal Laundry
  • Pet-Friendly
  • Low-Maintenance Yard
  • Waterfront / Views
  • Balcony

Frankston offers a vibrant coastal community with beautiful beaches, bustling cafes, and convenient shopping options. The area is renowned for its relaxed lifestyle, excellent transport links, and family-friendly amenities. Residents enjoy easy access to outdoor activities and a lively local scene, making it a highly desirable place to live or invest. The suburb combines seaside charm with practical convenience, appealing to a diverse range of buyers.

What is the current rental income and potential for future rent increases?
The property is currently tenanted at $400 per week on a month-to-month basis, offering immediate rental income with potential for future rent increases depending on market conditions.
Are there any restrictions or fees associated with the property since it is not part of a body corporate?
As the unit is not part of a body corporate, there are no ongoing body corporate fees or restrictions, simplifying ownership and maintenance.
What are the zoning and planning regulations affecting this property?
The property is zoned for residential use within Frankston, with no current planning restrictions impacting its use or future development potential.
Is the property suitable for renovation or extension if desired?
Given its current structure and size, the property is suitable for cosmetic updates or minor renovations, but any significant extension would require council approval.
What are the nearby amenities and transport options?
The property is within walking distance to Beach Street shops, cafes, and the beach, with excellent public transport links to Frankston CBD and surrounding areas.
Are there any existing or past issues with pests, mold, or structural defects? Has the property been affected by flooding or bushfire risks in the area? Are there any upcoming developments or planning proposals near the property that could impact its value? What are the total costs involved in maintaining the property, including council rates and utilities? Are there any easements, covenants, or restrictions on the property that could affect future use or renovations?

1/10 Parer Street, Frankston, Vic 3199 - More Details

$590,000 - $649,000

Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
223 m²

Price guide

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