Apartment

5/126 Nepean Highway

Aspendale VIC 3195, Australia

3Bedrooms

1Bathrooms

1Parking

2197 m²Land size

-Internal area

$455,000Last sale (2013)

Snapshot

Key points for 5/126 Nepean Highway.

3 bedrooms, 1 bathroom, 1 parking space
Estimated market value: $770,000
Land size: 2,197 m²
Separate kitchen with gas cooking
Balcony

About this property

Unit 5 at 125‑126 Nepean Highway, Aspendale VIC 3195 is a three‑bedroom, one‑bathroom apartment with a single off‑street car space. It forms part of a low‑rise coastal complex that offers direct beach access and is situated within walking distance of Aspendale railway station and local schools. The property is managed by Ray White The Bayside Group.

Estimated market value is around $770,000 and the expected weekly rent is approximately $680, delivering a gross yield near 4.5 %. The unit previously sold for $470,000 on 17 February 2013 and was leased on 29 April 2021

Key details

Locality: Aspendale
State: VIC
Coordinates: 38.025598 / 145.100627
GNAF PID: GAVIC410789219
Legal parcel ID: 1\RP2770
Property type: Apartment
Unit land size: 2197 m²
Unit internal area: -
Heritage overlay: None detected
Land Use Category: Residential

Market estimates

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

Expected weekly rent

$710

Expected property value

$770,000

Estimated yield

4.79%

Confidence

High

Based on the comparable property evidence currently available.

Sales history

Event	Date	Price	Price per m²
Sale	17 Feb 2013	$455,000	—
Sale	17 Feb 2013	$470,000	—
Sale	25 Aug 2006	$330,125	—
Sale	9 Jan 2006	$315,000	—
Sale	29 Jun 2000	$215,000	—
Sale	5 Oct 1994	$77,500	—
Sale		$455,000	—

Rental history

Event	Date	Weekly rent
Lease	29 Apr 2021 broker: O’Brien Real Estate Mordialloc	—

Property insights

Property Features

Separate kitchen with gas cookingRaywhite.com
Balcony
Floorboards
Laundry taps in kitchen
Split‑system heating/cooling
Direct beach access: A few minutes walk to Aspendale beachForsalebyowner.com.au Raywhite.com
Close to public transport: ~200 m to Aspendale railway station

Recorded sales and leasing agents

The unit is managed by Ray White The Bayside GroupRaywhite.com
Contact agents Ildiko Orsos (0459 625 056) and Isabella Dinelli (0466 589 468)
The property was leased on 29 April 2021

Recorded sale agency (2013 sale): Ray White The Bayside Group recorded for the 2013 saleRay white
Recorded listing contacts: Ildiko Orsos 0459 625 056 Isabella Dinelli 0466 589 468

Building profile

Unit 5 at 125‑126 Nepean Highway, Aspendale VIC 3195 is a residential apartment with 3 bedrooms, 1 bathroom and a single car spaceForsalebyowner.com.au Raywhite.com
No risk overlays: No bushfire, flood or heritage overlays identified

Ownership mix

Approximate occupancy mix for the surrounding area

Owner-occupied

40%

Renter-occupied

60%

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 stationnearby rail station; 1.5 km away
Edithvalerailway station in Edithvale, Melbourne, Victoria, Australia; 1.5 km away
Regents Parkpark in Kingston; 0.9 km away
Mordialloc Creekriver; 2.2 km away
Aspendale Racecoursehistoric horse and motor racetrack; 0.6 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Marshall White