2011A/8 Franklin StreetMelbourne VIC 3000
Property Details for 2011a/8 Franklin St, Melbourne
2011a/8 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2007. The property has a land size of 4077m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (June 2023)
Greeted by a lavish white Italianate foyer, soaring ceilings, and amenities that are consistent with 5-star hotels, Milano apartments are a cut above the rest.
Admire the beauty of Melbourne's stunning cityscape up on the 8th floor. Full-height windows emanate a fantastic sense of space and light filtering throughout each room of the residence, which extends to the master bedroom and broad balcony.
In addition to the gleaming stone bench kitchen with stainless steel appliances, the property is also equipped with two large ensuite bathrooms with quality fixtures, as well as two double bedrooms both with built-in robes.
The serviced apartment offers guests to enjoy an indoor lap pool, spa, sauna, a large gymnasium, tennis court, cinema, alfresco zones, BBQ areas and lounge with kitchen facilities.
Surrounded by a vibrant lifestyle day and night, take your pick from great entertainment, shopping precincts, and well renowned restaurants at your door step.
Rental estimate $1,386 pcm / $16,640 pa
Lease ending 24th of January 2027
Lease option: 2 x 5 year renewal
Estimated return: 5.46% per annum
Increase: Yearly CPI
Milano Service Apartments Covers: repair & maintenance cost
Owner's Cover: All outgoings including owner's corporation, council & water rates.
** This property is for the astute investor only - not for owner occupation**
Inspection by appointment only, please contact Eamon on 0413 889 388
Property History for 2011a/8 Franklin St, Melbourne, VIC 3000
- 20 Mar 2023Sold for $267,000
- 18 Aug 2022Listed for Sale Under Offer
- 27 Apr 2006Sold for $241,500
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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 64,238 properties. Over the last 5 years, Houses in Melbourne have seen a 51.77% increase in median value, while Units have seen a -4.12% decrease. As at 31 January 2026:
- The median value for Houses in Melbourne is $2,008,911 while the median value for Units is $433,734.
- Houses have a median rent of $650 while Units have a median rent of $675.
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