503/253 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

503/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 503/253 Franklin St, Melbourne

503/253 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. While the property is not currently for sale or for rent, it was last sold in October 2009.

Building Type
Unit
Year Built
2012
Local Government
Melbourne
Lot/Plan
503/PS628109

Last Listing description (July 2025)

City Living Redefined Opposite Queen Victoria Market

**Scheduling your property inspection is now a breeze! Simply click on the "Book an Inspection" or "Request a Time" button to secure your appointment. You'll instantly receive a confirmation and be kept up-to-date with any alterations or cancellations concerning your scheduled visit. Please be aware, inspections may be subject to cancellation if no bookings are registered. Make your booking today and take the first step in finding your ideal home**

Perfectly positioned directly opposite the iconic Queen Victoria Market, this fully furnished two bedroom apartment on Franklin Street offers the ultimate in city convenience and lifestyle. Just a short stroll to RMIT, the University of Melbourne, Flagstaff Gardens, Melbourne Central, Bourke Street Mall and Southern Cross Station, youll also be surrounded by some of the citys best cafes, restaurants and entertainment venues.

Designed with comfort and functionality in mind, the apartment features a sleek environmentally sustainable layout, complemented by modern appliances, a well-appointed kitchen with dishwasher, and an open-plan living area with split system heating and cooling. The private balcony offers a peaceful space to unwind, while the included LCD TV and laundry with washing machine and dryer provide all the comforts of home.

Secure entry with intercom access and convenient bike storage add to the appeal, making this a perfect option for professionals, students or anyone looking to enjoy the best of inner-city living. This opportunity wont lastinspections are easy to arrange, so dont miss your chance to make it yours.

Property History for 503/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$374,500
25 Oct 2009
  • 10 Jul 2025
    Listed for Rent $650
  • 01 Sep 2020
    Listed for Rent $450 per week
  • 24 Jul 2013
    Listed for Rent - Price not available
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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 64,229 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, 2750 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.