Home>Buy>VIC>FRANKSTON>14 Sandpiper Place>

27/14 Sandpiper Place, Frankston, VIC 3199

$150,000
 1
 1
 22

Request private inspection

OYO Bed-Sitter Dwelling Unit - NOW STUDENT ACCOMMODATION $150,000 Why rent? It's cheaper buying!

Phone enquiry code for this property:6480 First constructed as 44 bed-sitter dwelling units in a Special Accommodation Residential Building, these units have since been subdivided into fully strata titled Bed-Sitter Dwelling Units in prime Residential Zone 1 of Frankston. This unit is larger than most in the building and has an en-suite bathroom (shower, toilet and vanity) and kitchenette. Large sliding glass door and window to private patio surrounded by gardens. As an Owners Corporation building with the security of a 24/7 Onsite Manager, the owner or resident has the use of a huge common area including a lounge room, dining room, Larger shared kitchen if needed, chat rooms, laundry, gardens and park-anywhere off-street parking. No gas or electricity bills/accounts. You only pay water and very low municipal rates and Owners Corporation fees. None of those catches like delayed management fees, in-going or out-going fees associated with Retirement Villages. This is your strata titled Own-Your-Own Unit. This offer is unique in that a student (or investor) can buy this unit paying it off with repayments less than the rent! A student could sell at the end of his/her 3 or 4 year course and recoup all or even more of the purchase price and have saved that rent. For the same reason this is an excellent investment. Sandpiper Place is a quiet cul-de-sac with a walkway at the sac end to Ballam Park, Ballam Village, Centro Karingal shopping, two schools and a college and bus stop. A walkway from the back gate brings you onto the Cranbourne-Frankston Road with St John of God Hospital, clinics and the Frankston RSL Club just across the road. Buses 789, 790 and 791 stop less than 200 m. servicing Frankston business centre and Rail Station. Equidistant between Frankston Freeway and Peninsular Link. Ideal for tertiary students of Monash University and Chisolm Frankston TAFE campuses. This is a fabulous part of Frankston and the most affordable Estate Fee Simple Property Title imaginable at $150,000. This is obviously very undervalued. (See the Statement of Information for median price of units and 3 recent comparable property sales within 2 Km.) This unit was previously leased for $11,754 pa or $979 pcm with all outgoings paid. That's a return of over 7.8 % on this price. The owner is forced to sell quickly for liquidity and compulsory withdrawal for Self Managed Super Fund compliance. Phone enquiry code for this property:6480

First listed on 19 January, this property has been on Realty for 414 days. There has been 18 other 1 bedroom house in FRANKSTON that have recently been sold. There are currently 28 properties for sale in FRANKSTON.
Property Value

Property Enquiry

Choose your agent
Property Now
Name
Email
Phone
Enquiry About?
Message

Please view our personal information collection statement

This form is only to be used for sending genuine email enquiries to the Agent or Broker. Realty Media Group Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Alert Banner Logo

REALTY ALERTS

Instant notification on sold & off-market opportunities in your area

Get Started
Alert Banner

Floorplans & Interactive Tours

Details not provided

General Features

Bathrooms: 1
Bedrooms: 1
Land Area: 36.3 m2
Car Spaces: 22
Ensuites: 1
Indoor Features
Built in Robes:

Outdoor Features

Courtyard:
Outdoor Entertainment:
Open Spaces: 22

Open for Inspection Times

No inspections are currently scheduled. to arrange an appointment.

Nearby Schools

All
Primary
Secondary
Special

Get to know more about FRANKSTON

Explore Suburb

Loan Calculator

Realty.com.au

Home Loans

How much would you pay for this property?
Downpayment (AUD)
Interest Rate (%)
Loan Term
25 Years
Payment Frequency

Your mortgage payment

$0
Loan Banner
Loan Banner

Not what you are looking for?