1508/8 Franklin StreetMelbourne VIC 3000
Property Details for 1508/8 Franklin St, Melbourne
1508/8 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (September 2025)
The Phone Code for this property is: 14110. Please quote this number when phoning or texting.
Seize this rare opportunity to secure a high-performing investment in one of Melbourne's most sought-after residential towers - The Milano Apartments. Offering an impressive 7.7% gross yield, this property combines strong rental returns with enduring capital growth potential.
Perched high on the 15th floor, this beautifully renovated two-bedroom apartment has been meticulously updated to maximise appeal and minimise ongoing maintenance:
Brand new engineered floorboards - sleek and low-maintenance
Freshly painted interiors - bright, modern, and tenant-ready
New reverse cycle heating/cooling - year-round comfort
Stylish new Holland blinds - privacy and light control
Double-glazed sliding door - noise reduction and thermal efficiency
North-facing balcony - sun-filled and perfect for relaxing
Both bedrooms enjoy abundant natural light, with the second bedroom showcasing stunning city views. The smart floor plan includes:
Stone finishes in kitchen and bathrooms
Dual ensuite access for both bedrooms - ideal for shared tenancies
2.7m ceilings with floor-to-ceiling glazing - enhanced light and space
Private balcony - appealing to renters seeking outdoor space
Premium resident facilities boost rental demand, including:
25m heated swimming pool, spa, sauna, and fully equipped gym
Tennis court, BBQ area, resident kitchen/function space, and 21-seat cinema
24-hour building attendant for security and convenience
Prime location ensures consistent tenant interest:
Steps from Melbourne Central, QV, Emporium, and Queen Victoria Market
Walk to Melbourne University and RMIT - ideal for student tenants
Close to trams, trains, dining, and entertainment hubs
Whether you're expanding your portfolio or seeking a blue-chip investment, this apartment delivers premium rental yields, low vacancy risk, and strong capital growth prospects - all in a landmark building with enduring tenant appeal.
Property History for 1508/8 Franklin St, Melbourne, VIC 3000
- 19 Sep 2025Sold
- 24 Jul 2025Listed for Sale $400,000-$440,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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