508/243-263 Franklin Street, Melbourne, VIC 3000 sold on 03 October 2026 | OnTheHouse
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Sold on 03 Oct 2026 for $340,000

508/243-263 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 23m2
Land area: 1660m2
Sold By
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CT Real Estate
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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 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 October 2026. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

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

Last Listing description (October 2026)

An appealing opportunity to secure an affordable and move-in-ready home in the heart of Melbourne, this fully furnished two-bedroom apartment offers a turnkey lifestyle with generous living space, flexible accommodation and outstanding CBD convenience.Positioned on Level 5, the apartment features a well-proportioned open-plan living and dining area extending to a private balcony, complemented by hybrid timber-look flooring and a modern kitchen with excellent storage. The spacious main bedroom features extensive built-in robes, while the second bedroom offers valuable flexibility as a single bedroom, guest room or dedicated home office.Key features include:- Fully furnished and ready to move in or lease out- Turnkey opportunity for owner-occupiers, parents purchasing for children, or investors- Generous open-plan living and dining area- Private balcony- Modern kitchen with excellent storage- Appliances include wall-mounted TV, washing machine, dryer, dishwasher, fridge and microwave- Spacious main bedroom with built-in robes- Flexible second bedroom, guest room or home office- Hybrid timber-look flooring- Split-system heating and cooling- Contemporary bathroom- Secure intercom entrySet within Melbourne's highly convenient northern CBD precinct, the apartment is moments from Queen Victoria Market and within easy reach of Flagstaff Gardens, Flagstaff Station, Melbourne Central, RMIT University and the University of Melbourne. Enjoy fresh food, cafes, restaurants, shopping, parkland and public transport close to home, with the wider CBD easily accessible on foot or by tram and train.For buyers looking beyond immediate occupation, the property also presents a compelling investment proposition, with strong rental potential and the convenience of a fully furnished, ready-to-lease apartment. A current rental appraisal, supported by recently leased comparable properties, indicates the potential for a high-yield return and is available upon request.Whether you're looking to establish your own Melbourne CBD home today or secure a property with strong future rental potential, 508/243 Franklin Street offers flexibility from day one. Contact CT Real Estate today to arrange your inspection or request further information. Contract of Sale and Section 32 available upon request.

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

A timeline of how this property has performed in the market
Last Sold
$340,000
03 Oct 2026
Listed for Rent
$350/w
12 May 2021
  • 03 Oct 2026
    Sold for $340,000
  • 21 Sep 2026
    Listed for Sale $330,000 - $360,000
  • 18 Jun 2024
    Listed for Sale $320,000-$350,000
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,804 properties. Over the last 5 years, Houses in Melbourne have seen a -28.12% decrease in median value, while Units have seen a 0.93% increase. As at 31 August 2026:

  • The median value for Houses in Melbourne is $1,383,053 while the median value for Units is $444,901.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 278 properties listed for sale, and 308 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2341 properties were sold in the past 12 months in Melbourne.

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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.