511/253 Franklin Street, Melbourne, VIC 3000 sold on 02 August 2025 | OnTheHouse
SOLD
Sold on 02 Aug 2025 for $200,000

511/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 511/253 Franklin St, Melbourne

511/253 Franklin St, Melbourne is a 1 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 August 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

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

Last Listing description (September 2024)

Modern furnished studio in an uber convenient locale

There is nothing not to love with this property when it offers an open plan kitchen/dining/living opening out onto the balcony, a state of the art kitchen with stone bench tops, dishwasher and stainless steel appliances (including TV, oven, refrigerator and microwave). You just need to move-in with your luggage. The modern and beautifully designed central bathroom offers a large shower and sleek lines, there is also a Euro Laundry with a washing machine and dryer.

With Victoria Market, trams and public transport at your doorstep, Flagstaff station, universities, city cafes and restaurants within a short walk - you won't need a car!

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Property History for 511/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$200,000
02 Aug 2025
  • 02 Jul 2024
    Listed for Rent $475 WEEKLY
  • 21 Dec 2023
    Listed for Rent $475 per week
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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.