506/253 Franklin StreetMelbourne VIC 3000
Property Details for 506/253 Franklin St, Melbourne
506/253 Franklin St, Melbourne is a 1 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 22m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (August 2025)
Deposite Taken
Situated in a highly sought-after location directly opposite the famous Queen Victoria Market, this fully furnished cozy apartment on Franklin Street is only 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.
This fully furnished studio apartment is quick to set the benchmark for convenient inner city living, offering an environmentally sustainable design. This studio apartment includes modern appliances, fridge, dishwasher, split system, washing machine and dryer, television, security entrance with intercom, private balcony and bicycle storage area.
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Property History for 506/253 Franklin St, Melbourne, VIC 3000
- 07 May 2025Listed for Rent $510 / week
- 19 Apr 2024Listed for Rent $500 / week
- 06 Mar 2023Listed for Rent $450 / week
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 64,229 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.
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