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.
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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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:
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