20/14 Sandpiper Place, Frankston VIC 3199

Studio apartment | 28m² lot | shared facilities | flood overlay detected This is a compact studio unit in a multi-dwelling building, not a standalone house. Its strongest feature is the inclusion of a private bathroom and built-in wardrobe, which is rare for shared-facility apartments at this price point. The property suits an investor seeking low-cost entry into Frankston’s rental market, where utilities included in the rent simplify tenant management. The onsite gym and communal living areas add marginal appeal for a tenant demographic that prioritises convenience over space. The primary risk is the flood overlay, which may affect insurance costs and long-term resale liquidity. Recent sales in the building cluster around $90k–$130k, suggesting the $405k Domain estimate is unreliable and likely an outlier. The 28m² lot is exceptionally small, limiting capital growth potential. The buyer should treat this as a cash-flow play, not an appreciation play. Hold for rental yield and exit when the building’s tenure profile shifts toward longer ownership.