3/243 Franklin StreetMelbourne VIC 3000
Property Details for 3/243 Franklin St, Melbourne
3/243 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (August 2024)
Seize this rare opportunity to invest in premium city living! Located at 243-263 Franklin Street, Melbourne VIC 3000, this stunning property offers an unbeatable location and exceptional investment potential.
Situated in Melbourne's vibrant cityscape, this modern apartment provides unparalleled convenience. With direct access to iconic attractions like the Queen Victoria Market, RMIT, the University of Melbourne, and Flagstaff Gardens, residents can enjoy the best of city living.
Unit 803 is now available for purchase. This 1-bedroom apartment mirrors the exceptional investment potential of its predecessor. Currently leased at a competitive monthly rent of $1820, with the lease extending until 2024, you have the flexibility to shape your investment strategy. Whether you choose to increase the rent, renew the lease, or explore short-term leasing options, the decision is entirely yours.
The apartment itself radiates contemporary elegance with sleek finishes and abundant natural light. The open-plan layout creates a spacious and inviting atmosphere, perfect for entertaining guests or unwinding after a busy day.
Investment and Maintenance Details
Water Rates: $183.89 quarterly
Council Rates: $633.95 yearly
Strata Admin Fund: $940.96 quarterly
Act Now - A Lucrative Investment Opportunity
With Melbourne's property market booming and the demand for inner-city living on the rise, this is a lucrative opportunity for savvy investors. Don't miss your chance to secure a piece of Melbourne's coveted real estate.
Take the first step towards a prosperous investment future. Enquire now!
Note: Furniture and personal items in the advertisement are for display purposes only.
Disclaimer:
While every effort has been made to ensure the accuracy of the information provided in this document, we cannot guarantee its completeness or correctness. We accept no responsibility for any errors, omissions, inaccuracies, or misstatements contained herein. Prospective purchasers are advised to conduct their own thorough investigations to verify the information presented.
Additionally, we strongly recommend that purchasers refer to the due diligence checklist provided by Consumer Affairs and undertake their own enquiries to validate the details outlined in this document.
Property History for 3/243 Franklin St, Melbourne, VIC 3000
- 20 May 2024Listed for Sale CONTACT AGENT
Recent sales nearby
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0About 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 64,235 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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