3/1A Skye Road, Frankston VIC 3199

3/1A Skye Road, Frankston VIC 3199
– Property: 3/1A Skye Road, Frankston VIC 3199 is a 2-bedroom, 1-bedroom unit (apartment) in Frankston. The property was listed for sale on 18 June 2026 as an apartment/unit in Frankston. 2 bed unit | 184m² land | quiet Frankston pocket | flood overlay noted | carport + 1 space This unit sits on a 184m² lot, which is generous for a two-bedroom apartment in a low-density complex, and the floorboards, dishwasher, and built-in robes suggest it has been maintained to a decent standard. Its location in a quiet but convenient pocket of Frankston gives it an edge for buyers who want walkability without noise, and the zoning for Kananook Primary and Monterey Secondary College adds practical appeal for families or investors targeting long-term tenants. The property is best suited to first-home buyers or downsizers who value a compact, low-maintenance floorplan with a carport and separate car space, though the lack of a second bathroom may limit its appeal to sharers or larger households. The flood overlay detected on this property may affect insurance costs and could be a negotiating point, though no bushfire or heritage overlays apply. Its estimated value of $576,000 and inferred rental yield around 3.5% suggest the price is reasonable for the area, but buyers should verify the exact build year and floor level to assess depreciation or renovation potential. The single bathroom and one carport plus one space may limit its resale pool, so a cautious approach to price expectations is wise.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/1A Skye Road, Frankston VIC 3199
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk
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Insight: Frankston VIC 3199

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

185m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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