712/253 Franklin StreetMelbourne VIC 3000
Property Details for 712/253 Franklin St, Melbourne
712/253 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 1660m2. While the property is not currently for sale or for rent, it was last sold in November 2011.
Last Listing description (June 2026)
Top - High-Yield CBD Investment
Rental Income -
Approx. $21,000 PA
Ideally positioned in a highly sought-after CBD location, this well-presented one-bedroom apartment offers an exceptional opportunity for investors and first-home buyers seeking strong returns and low-maintenance living.
The intelligently designed floorplan reveals a light-filled open-plan living and dining area, complemented by a modern kitchen with quality finishes. The spacious bedroom includes built-in robes, serviced by a well-appointed bathroom. Additional features include split-system heating and cooling, along with a private, weather-protected balcony ideal for year-round enjoyment.
Residents benefit from access to communal amenities including secure bike storage, a BBQ area, and a landscaped courtyard.
Superbly located within walking distance to Queen Victoria Market, RMIT University, University of Melbourne, Flagstaff Gardens, Melbourne Central, Bourke Street Mall and Southern Cross Station, the property places every major lifestyle and transport amenity at your doorstep.
A compelling investment in a high-demand rental precinct, delivering both immediate returns and long-term growth potential.
Property History for 712/253 Franklin St, Melbourne, VIC 3000
- 27 May 2026Listed for Rent $400 / week
- 05 May 2026Listed for Sale $200,000 - $220,000
- 22 Feb 2025Listed for Rent $400 / week
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,454 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:
- The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
- Houses have a median rent of $710 while Units have a median rent of $680.
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