5/19-21 Swift Street, Frankston VIC 3199
5/19-21 Swift Street, Frankston VIC 3199
5/19-21 Swift Street, Frankston VIC 3199 appears to be a 2-bedroom, 1-bathroom, 1-car-space unit in a larger 1970-built multi-unit complex on a 1,479 m² lot; one listing also describes it as recently sold/listed around $480,000–$520,000 with an estimated value near $491,000. The property was listed for sale as a unit in Frankston.
1970 unit | 2 bed 1 bath 1 car | light-filled interiors | medium-density site | established stock
This property is competitively positioned within Frankston’s older unit market, where its light-filled open-plan layout, new downlights, and new carpet offer a noticeably updated interior compared to typical 1970s stock. The configuration of two bedrooms, one bathroom, and one car space serves first-home buyers, downsizers, and investors seeking a lower-entry point into a coastal-fringe suburb. Being part of a 1970-built multi-unit complex on a shared 1,479 m² site, it avoids the premium of newer high-density apartments while retaining solid appeal for price-conscious owner-occupiers and rental investors. The unit’s established character and modest footprint suit those prioritising affordability and location over modern amenities.
The property’s 1970 construction age may influence long-term maintenance expectations, as older unit blocks can require shared repairs or sinking fund contributions. No dedicated amenities like a pool or gym are present, which limits appeal for buyers seeking resort-style living. The floor level and orientation remain unconfirmed, potentially affecting natural light and privacy. Finishes appear updated but the full renovation scope is unclear, so a buyer should verify whether kitchen and bathroom fixtures are original or recently replaced. The medium-density site and lack of standalone land may constrain capital growth relative to detached houses, though the unit’s pricing reflects its established profile.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/19-21 Swift Street, Frankston VIC 3199
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Frankston presents a compelling coastal lifestyle proposition, anchored by its popular beachfront and major retail hub. Demand is robust, evidenced by rapid sales and low days on market, suggesting strong competition among buyers. Recent price growth has been significant, particularly for houses, reflecting a tightly held market. Future momentum is supported by these lifestyle amenities and consistent transactional activity, though the pace of growth may face constraints from broader economic sensitivities.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
129m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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