608/243-263 Franklin Street, Melbourne, VIC 3000 sold on 19 June 2026 | OnTheHouse
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Sold on 19 Jun 2026 for $336,000

608/243-263 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 52m2
Land area: 1660m2
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Property Details for 608/243-263 Franklin St, Melbourne

608/243-263 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2012. The property has a land size of 1660m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2012
Floor Size
52m2
Land Size
1660m2
Local Government
Melbourne
Lot/Plan
608A/PS628109

Last Listing description (June 2026)

Golden return for the savvy investor with exceptional 8% rental yield opportunity
Secure lease at $620/week until February 2027
Open-plan living with bright and airy, flowing to a generous sheltered balcony.

Floorboards throughout, offering a sleek, low-maintenance lifestyle.
Contemporary stone kitchen with gas cooking and high-quality appliances.
Double-glazed windows and split-system climate control.
Access to a landscaped courtyard, BBQ area, and bike storage.
Unrivalled CBD location, steps to RMIT, Melbourne Uni, QVM, Flagstaff Gardens and free city trams.
Move in or lease out immediately with zero fuss.

Welcome to an exceptional entry point into the Melbourne market, perfectly tailored for savvy investors and ambitious first-home buyers alike. Delivering a remarkably rare and lucrative rental yield opportunity of approximately 8%, this turn-key property is the ultimate low-maintenance asset. Whether you are looking to secure a golden return with a reliable long-term tenancy or searching for an effortless, ready-to-enjoy city base, this residence promises immediate appeal and outstanding financial rewards.

Step inside to discover a beautifully refreshed interior, highlighted floorboards through out that flow seamlessly throughout the entire apartment-a stylish and highly practical upgrade. The open-plan living and dining domain is bathed in soft, natural light from its versatile sheltered balcony. Overlooking this inviting space is a contemporary, well-appointed kitchen featuring sleek stone benchtops, quality appliances, ample storage, and gas cooking, making it as functional as it is attractive.

Beyond its striking aesthetics, the home is engineered for everyday comfort and supreme peace of mind. Double-glazed windows ensure a quiet sanctuary above the bustling city, complemented by split-system heating and cooling, modern recessed lighting, and a convenient Euro laundry. Residents are also treated to excellent building facilities designed to enhance the inner-city lifestyle, including secure bike storage, a welcoming communal BBQ area, and a lush, landscaped courtyard.

Positioned perfectly within Melbourne's dynamic CBD grid, the location offers unparalleled walkability and day-to-day convenience. All of the city's best lifestyle destinations are merely moments from your door, including the iconic Queen Victoria Market, RMIT, the University of Melbourne, and the green expanse of Flagstaff Gardens. With the free tram zone, Melbourne Central, and an endless selection of world-class cafs, restaurants, and bars right at your fingertips, this is a highly convenient and versatile real estate opportunity you do not want to miss.

Property History for 608/243-263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$336,000
19 Jun 2026
Listed for Rent
$330/w
04 May 2021
  • 19 Jun 2026
    Sold for $336,000
  • 23 Apr 2026
    Listed for Sale $325,000 - $355,000
  • 04 Sep 2020
    Listed for Rent $400 / week
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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 64,375 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:

  • The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
  • Houses have a median rent of $718 while Units have a median rent of $680.
There are currently 304 properties listed for sale, and 191 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2594 properties were sold in the past 12 months in Melbourne.

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Ben Vu
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Ray White Southbank | Port Phillip
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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.