707/243-263 Franklin StreetMelbourne VIC 3000
Property Details for 707/243-263 Franklin St, Melbourne
707/243-263 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a land size of 1660m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (August 2026)
Positioned in the heart of Melbourne CBD, this recently refreshed one-bedroom apartment presents an affordable opportunity for both owner-occupiers and investors looking for a centrally located property with strong rental potential.
Currently vacant and ready to move into, the apartment is fully furnished, freshly painted and features brand-new carpet, making it an easy option for buyers wanting a low-maintenance city home or a ready-to-rent investment.
Located at 243 Franklin Street, the apartment is within easy walking distance of Queen Victoria Market, RMIT University, Melbourne Central, Flagstaff Gardens and Melbourne's extensive tram network.
With an estimated rental potential of approximately $500 per week, the property offers an attractive gross rental return at this price point.
The apartment features a practical layout with a separate bedroom, bathroom, kitchen and private balcony, making efficient use of its compact footprint.
Property features:
One bedroom
One bathroom
Private balcony
Approx. 25 sqm
Recently refreshed throughout
Freshly painted with brand-new carpet
Fully furnished
Currently vacant and ready to move into
Estimated rental potential of approximately $500 per week
Affordable entry point into the Melbourne CBD property market
Walking distance to Queen Victoria Market
Close to RMIT University and Melbourne Central
Easy access to trams, trains, shops, cafs and restaurants
Ideal for investors and owner-occupiers
Whether you're looking for an affordable place to call home in Melbourne CBD or a centrally located investment with strong rental potential, this apartment is well worth considering.
Disclaimer: Some images have been digitally enhanced and/or virtually staged using AI for presentation purposes, including the addition of bedding, plants and decorative items. These items may not be included with the property. Photos and floor plans are provided for reference purposes only. Buyers should conduct their own due diligence and independently verify all information before making a purchase decision.
Property History for 707/243-263 Franklin St, Melbourne, VIC 3000
- 21 Aug 2026Sold for $230,000
- 17 Aug 2026Listed for Sale $215,000-$235,000
- 10 Jun 2020Listed for Rent $420 / week
Recent sales nearby
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0About 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 64,742 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:
- The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
- Houses have a median rent of $713 while Units have a median rent of $680.
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