Apartment

3/126 Nepean Highway

Aspendale VIC 3195, Australia

3 Bedrooms

1 Bathrooms

1 Parking

4394 m² Land size

- Internal area

$750,000 Last sale (2025)

About this property

3/126 Nepean Highway is a ground‑level flat apartment in a low‑rise residential building on the beach side of Aspendale. The unit offers three bedrooms, one bathroom, a single car space and 85 m² of internal living space within a 2,178 m² land parcel.

Recent upgrades include a renovated kitchen with a gas cooktop, heated floorboards in the lounge, and three covered outdoor courtyards that open onto direct beach access just a few steps from the shoreline. The property sold privately for $750,000 on 1 September 2025 and is estimated to be worth $752,000, with a potential weekly rental income of $595

Key details

Locality: Aspendale
State: VIC
Coordinates: 38.025598 / 145.100627
GNAF PID: GAVIC410789036
Legal parcel ID: 1\RP2770
Property type: Apartment
Unit land size: 4394 m²
Unit internal area: -
Mobile coverage: 5G
Strata/body corporate: Present
Land Use Category: Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent

$610

Expected property value

$752,000

Estimated yield

4.22%

Confidence

High

Based on the comparable property evidence currently available.

Sales history

Event	Date	Price	Price per m²
Sale	1 Sep 2025 Contracted 31 Jul 2025	$750,000	—
Sale	14 Sep 2001	$252,000	—
Sale	14 Nov 1997	$125,000	—
Sale	1 Feb 1989	$120,000	—

Property insights

Building profile

The unit is a ground‑level flat apartment within a low‑rise, strata‑titled residential building. It sits on a 2,178 m² land parcel and offers 85 m² of internal living space. The building is governed by Kingston City Council and is classified as residential land‑use

3/126 Nepean Highway, Aspendale VIC 3195 is a 3‑bedroom, 1‑bathroom flat apartment on the ground floor of a low‑rise residential building Heated lounge floorboards Ray White – Rental listing

Property Features

Renovated kitchen with gas cooktop Raywhite.com
Heated lounge floorboards
Three covered outdoor courtyards/alfresco areas
Direct beach access – a few steps to the beach
Prime beach‑side lifestyle: Just steps from the beach with direct walking access
Excellent transport links: Less than 200 m to Aspendale railway station and close to Nepean Highway
Potential rental yield: $595 per week estimated rent suggests a ~3.9 % gross yield on the $752k valuation

Recorded sales and leasing agents

The unit was sold by private treaty for $750,000 on 1 September 2025, advertised by the owner‑seller Property24.com.au Raywhite.com
Rental management is handled by Ray White Mordialloc, which listed the property for lease

Ownership mix

Approximate occupancy mix for the surrounding area

Owner-occupied

76%

Renter-occupied

24%

Area insights

The surrounding precinct places public transport and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Edithvale railway station nearby train station; 1.5 km away
Edithvale railway station in Edithvale, Melbourne, Victoria, Australia; 1.5 km away
Regents Park local park in Kingston; 0.9 km away
Aspendale Racecourse historic horse and motor race track; 0.6 km away
Unity Theatre former cinema in Edithvale; 1.5 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Buxton - Bentleigh

Buxton - Brighton

Gary Peer & Associates - BENTLEIGH

Buxton - Hampton East

Buxton - Chelsea

OBrien Real Estate - Narre Warren

Ray White - The Bayside Group

Barry Plant - Mordialloc

Zed Real Estate - HAMPTON EAST

Property One - CHELSEA

Ray White - Carrum Downs

Frog Property Sales & Management

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

Aspendale Primary School

0.7 km

Primary school | Government

St Louis De Montfort's Primary School

0.9 km

Primary school | Catholic

Aspendale Gardens Primary School

1.2 km

Primary school | Government

Yarrabah School

1.4 km

Special school | Government

Mordialloc College

1.7 km

Secondary school | Government

Edithvale Primary School

1.9 km

Primary school | Government

St Brigid's School

2.0 km

Primary school | Catholic

Mordialloc Beach Primary School

2.5 km

Primary school | Government

St Joseph's School

3.7 km

Primary school | Catholic

Chelsea Primary School

3.8 km

Primary school | Government

Chelsea Heights Primary School

3.9 km

Primary school | Government

Parkdale Primary School

3.9 km

Primary school | Government

Parkdale Secondary College

3.9 km

Secondary school | Government

Haileybury - Keysborough Campus

4.5 km

Combined school | Independent

Lighthouse Christian College

4.7 km

Combined school | Independent

St Bede's College

4.8 km

Secondary school | Catholic

Cornish College

5.0 km

Combined school | Independent

Mentone Grammar School

5.1 km

Mentone Girls' Grammar School

5.1 km

Combined school | Independent

Kilbreda College

5.6 km

Secondary school | Catholic

* Approximate straight-line distances

Frequently asked questions

How many bathrooms are in the apartment?

There is one bathroom

Which primary school is closest to the property?

Aspendale Primary School is the nearest primary school, about 0.6 km away

How many bedrooms does 3/126 Nepean Highway have?

The unit has three bedrooms

How many car spaces are provided?

The property includes one designated car space

What was the recent sale price and when did it sell?

It sold for $750,000 on 1 September 2025

What is the estimated market value of the unit?

The estimated market value is approximately $752,000

What is the estimated weekly rent?

The estimated weekly rental income is $595 per week

What type of property is 3/126 Nepean Highway?

It is a ground‑level flat apartment (unit) within a low‑rise, strata‑titled residential building

Related profiles

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Root property

126 Nepean Highway

View the main multi-unit property profile covering 15 tracked units.

View root property

Suburb profile

Aspendale

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Street profile

Nepean Highway

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View street profile