305/253 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2012. The property has a land size of 1660m2 and floor size of 23m2. While the property is not currently for sale or for rent, it was last transferred in March 2024.
A fantastic investment opportunity to get into the market at an affordable level awaits with this high yielding near new apartment. RMIT and Melbourne University are within short walking distance along with Royal Melbourne Hospital and the Children's Hospital plus the property is opposite Queen Victoria Markets and a micro-walk to the CBD centre. The apartment offers open plan living, separate contemporary kitchen (inc dishwasher and inbuilt microwave) and dining space, balcony, Euro laundry, sparkling designer bathroom, air conditioning and heating, quality fixtures and fittings, TV and more. Rent: $305pw. Owner corp: $2178.62. Nelson Alexander Pty Ltd
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:
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