904/263 Franklin Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$300,000 - $330,000

904/263 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 42m2
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Turn-Key Cash Flow: Fully Furnished CBD Apartment Targeted for 8% Yield Opportunity

• Perfectly positioned to target an impressive 8% rental yield opportunity for investors.
• Secure lease at $550/week until January 2027
• Fully furnished and equipped-ready for immediate occupancy by high-quality tenants.
• Premium height ensures better natural light, attracting long-term, stable tenants.
• Durable, high-spec finishes including quality appliances and stone surfaces for reduced wear and tear.
• Steps from the Free Tram Zone and three major train stations, maximizing appeal for urban professionals.
• Unbeatable walkability to RMIT, Melbourne University, and major employment hubs.
• Located in the heart of Melbourne's "Education and Innovation" district, ensuring constant demand.
Secure your position in the heart of Melbourne's thriving property market with this high-performing, fully furnished one-bedroom residence. Positioned on the ninth floor of the premier "Grand 8" complex, this apartment is specifically tailored for the astute investor seeking a robust addition to their portfolio. With its proximity to major universities, the legal precinct, and world-class transport, this property offers the perfect combination of high tenant demand and low vacancy risk, expertly positioned to deliver a projected rental yield of close to 8%.
In the current Melbourne market, this apartment stands out as a highly efficient investment vehicle. The floorplan is meticulously optimized for urban living, featuring a sleek, stone-topped Smeg kitchen equipped with an integrated oven, dishwasher, and gas cooktop The versatile living area, with its split-system climate control and seamless balcony access, provides the flexibility that modern renters crave. The bathroom, finished with floor-to-ceiling tiling and a stone-topped vanity, offers an elevated aesthetic that stands out in the crowded rental market. By providing a high-spec, modern living environment, you are not just securing a tenant; you are securing a reliable, long-term revenue stream in a high-growth location.
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Property Details for 904/263 Franklin St, Melbourne

904/263 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 42m2. The place is currently for sale with Ray White Southbank | Port Phillip.

Building Type
Apartment
Floor Size
42m2
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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 64,350 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 299 properties listed for sale, and 212 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2662 properties were sold in the past 12 months in Melbourne.

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Ben Vu
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Ray White Southbank | Port Phillip
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