403/253 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

403/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 1660m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Dec 2025
Low

High
Save

Property Details for 403/253 Franklin St, Melbourne

403/253 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 1660m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
Unit
Year Built
2012
Floor Size
83m2
Land Size
1660m2
Local Government
Melbourne
Lot/Plan
403/PS628109

Last Listing description (March 2024)

The apartment is vacant now - The price reduced - Don't miss...
Move in or invest

Awash in natural light and ready for buyers to move in a few months, this 4rd-floor 2-bedroom apartment has an open and sizeable living-dining area, a kitchen that features European-designed stainless-steel appliances (dishwasher included), and a pristine bathroom with personal laundry facilities.

Overlooking one of Melbournes most famous and beloved landmarks (Queen Victoria Market) whilst being in the midst of the ever-changing Melbourne, this homely north-facing apartment on Franklin Street is one for those who love the city lifestyle with the convenience of access, as well as an excellent investment option to consider.

Additional features include secure intercom entry, built-in wardrobes in the main bedroom, and reverse cycle heating and cooling.

Located near a variety of cafes/restaurants/boutique stores/grocers, Flagstaff Garden, Flagstaff Station, ALDI Melbourne CBD, and Melbourne Central.

Property History for 403/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$340,000
19 Feb 2024
Listed for Rent
$480/w
08 Nov 2022
  • 19 Feb 2024
    Sold for $340,000
  • 01 Jun 2023
    Listed for Sale $345,000 - $350,000
  • 25 May 2021
    Listed for Rent $350 / week
Sign in to see more transactions
Commute Calculator

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.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2749 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.