711/253 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

711/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 22m2
Land area: 1660m2
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Property Details for 711/253 Franklin St, Melbourne

711/253 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 1660m2 and floor size of 22m2. While the property is not currently for sale or for rent, it was last sold in April 2024.

Building Type
Unit
Year Built
2011
Floor Size
22m2
Land Size
1660m2
Local Government
Melbourne
Lot/Plan
711/PS628109

Last Listing description (September 2025)

A convenient, easy, low-maintenance lifestyle can be yours in this stylish modern studio apartment situated in a highly sought-after location directly opposite the Queen Victoria Markets. This is inner-city living at its best with your choice of cafes, restaurants, and entertainment venues right at your doorstep!

The clever layout of this studio apartment has good size living in the centre of Melbourne. You'll be comfortable all year round with air-conditioning to heat and cool the home and a floor-to-ceiling sliding doors that lead outside to allow natural light to flow into the living area. The balcony has space for an outdoor setting where you can relax and unwind and the unit has a sliding divider door to provide added privacy.

The compact well-designed kitchen has lots and cupboards and bench space for prepping food, stainless steel appliances, and a gas cooktop. Plus, there is a neatly contained European-style laundry and storage cupboards.

The secure building has intercom access and is ideally placed close to public transport. It's the perfect CBD base just minutes away from RMIT, the University of Melbourne, Bourke Street Mall, and Southern Cross Station and you can stroll through Flagstaff Gardens at the end of the block.

This neat, low-maintenance unit offers an excellent inner-city lifestyle and represents an incredible investment opportunity. Why not make an enquiry today!

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

Property History for 711/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$200,000
18 Apr 2024
Listed for Rent
$500/w
12 Jul 2023
  • 18 Apr 2024
    Sold for $200,000
  • 27 Jul 2023
    Listed for Sale $200,000
  • 19 Jun 2023
    Listed for Rent $500 / 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 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 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.