708/243-263 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

708/243-263 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 22 Dec 2025
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Property Details for 708/243-263 Franklin St, Melbourne

708/243-263 Franklin St, Melbourne is a 2 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 May 2013.

Building Type
Unit
Year Built
2012
Local Government
Melbourne
Lot/Plan
708A/PS628109

Last Listing description (November 2025)

Contemporary CBD Residence with Investment Opportunity

This apartment represents an exceptional opportunity for both investors and owner-occupiers, offering solid rental prospects and multiple flexible occupancy options. Whether you're seeking a secure long-term tenancy, an effortless city base, or a furnished CBD residence ready to move straight into, this turn-key home delivers immediate appeal.

Positioned in Melbourne's dynamic CBD grid, the property provides unrivalled walkability and day-to-day convenience. The contemporary kitchen is well appointed with quality appliances, ample storage, stone benchtops and gas cooking, making it as functional as it is stylish.

The open-plan living and dining area is enhanced by soft natural light from the south-facing orientation, flowing seamlessly to a generous enclosed balcony, brand new carpet & fresh painted

Additional highlights include double glazing, split-system heating/cooling, recessed lighting and a Euro laundry. Residents also enjoy access to bike storage, a communal BBQ area and a landscaped courtyard.

All of Melbourne's best attractions are moments away-Queen Victoria Market, RMIT, the University of Melbourne, Flagstaff Gardens, free trams, Melbourne Central and an endless selection of cafs, restaurants and bars. This is an outstanding opportunity to secure a versatile, well-positioned and highly convenient CBD residence.

Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Prospective purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs Victoria. Click on the link for a copy of the due diligence check-list from Consumer Affairs Victoria. http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 708/243-263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$427,000
04 May 2013
  • 28 Nov 2025
    Listed for Sale $365,000-$395,000
  • 24 Aug 2022
    Listed for Rent $480 weekly
  • 24 Apr 2020
    Listed for Rent $550 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, 2748 properties were sold in the past 12 months in Melbourne.

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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.