501/243-263 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2011. The property has a land size of 1660m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Perfectly positioned on the city fringe, this well-presented two-bedroom apartment offers low-maintenance living with an emphasis on light, comfort and unbeatable convenience.
The open-plan living and dining zone is air-conditioned and flows seamlessly to a north-facing balcony, providing a relaxing outdoor retreat and excellent natural sunlight throughout the year. A neat, modern kitchen and bathroom ensure easy everyday living, while the smart floor-plan maximises the apartment's 51sqm (approx.) of internal space.
Location is key, a few minutes away from RMIT, University of Melbourne, Flagstaff Gardens, Melbourne Central, Bourke Street Mall, Southern Cross Station and some of Melbourne's best cafes, restaurants and entertainment venues.
Ideal for owner-occupiers or investors seeking a city-based lifestyle or strong rental appeal, this is an opportunity not to be missed.
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 64,278 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
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