508/243-263 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

508/243-263 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 23m2
Land area: 1660m2
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Property Details for 508/243-263 Franklin St, Melbourne

508/243-263 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. 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 sold in May 2021.

Building Type
Unit
Year Built
2011
Floor Size
23m2
Land Size
1660m2
Local Government
Melbourne
Lot/Plan
508A/PS628109

Last Listing description (February 2025)

The Phone Code for this property is: 29792. Please quote this number when phoning or texting.

Seize the opportunity to move into this immaculate 'fully furnished' 2-bedroom apartment or invest and reap the rewards in one of Melbourne's most coveted locations, directly opposite the vibrant Queen Victoria Market. This abode offers a high yield proposition, over 8% gross return. There is minimal maintenance, and the ultimate convenience of a CBD address. Walk to RMIT, relax in the lush greenery of Flagstaff Gardens, or explore Melbourne Central's shopping, dining, and transport options just steps away.

Perched on the 5th floor of the prestigious 88 Infinity complex, this apartment exudes modern elegance. The kitchen features a microwave, dishwasher, stone benchtop, induction cooktop, and a tiled splashback, complemented by a fridge/freezer. The open-plan living and dining area extends effortlessly to an undercover balcony through expansive floor-to-ceiling sliding glass doors, offering breathtaking views of the city skyline, Bolte Bridge, and Flagstaff Gardens' verdant canopy.

Both generously sized, robed bedrooms are serviced by a luxurious bathroom with a fully tiled shower, providing a private retreat within the bustling city. The apartment is equipped with split-system heating and cooling for year-round comfort, a welcoming hallway entrance, stylish furnishings, a wall-mounted Samsung television, a concealed laundry with a top-of-the-line washing machine and dryer, roller blinds, recessed downlighting, and secure intercom entry.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 508/243-263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$275,000
08 May 2021
Listed for Rent
$350/w
12 May 2021
  • 18 Jun 2024
    Listed for Sale $320,000-$350,000
  • 08 May 2021
    Sold for $275,000
  • 03 Jul 2020
    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 64,286 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:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 238 properties listed for sale, and 370 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2762 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.