810/243-263 Franklin StreetMelbourne VIC 3000
Property Details for 810/243-263 Franklin St, Melbourne
810/243-263 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. While the property is not currently for sale or for rent, it was last sold in March 2025.
Last Listing description (April 2025)
Positioned in the heart of Melbourne's bustling CBD at 810/243 Franklin Street, this sleek and modern apartment offers an outstanding opportunity for investors. With an estimated net rental yield over 9%, this property delivers a combination of excellent returns and an unbeatable location.
Location Highlights:
Steps from the iconic Queen Victoria Market for fresh produce, shopping, and dining
Close to Flagstaff Gardens, public transport, and Melbourne Central shopping precinct
Surrounded by cafes, restaurants, and vibrant lifestyle options
Key Features:
Clever Floor Plan: Open-plan kitchen, dining, and living area leading to a private balcony
Modern Finishes: Stylish kitchen with built-in appliances and ample storage
Spacious Bedroom: Featuring a built-in wardrobe for added convenience
Functional Amenities: Well-appointed bathroom and in-unit laundry facilities
This well-located apartment maximizes every inch of space, appealing to tenants seeking modern urban living. With its combination of low-maintenance design, prime location, and potential for strong rental returns, this property is a smart addition to any investor's portfolio.
Property History for 810/243-263 Franklin St, Melbourne, VIC 3000
- 08 Mar 2025Sold for $230,000
- 18 Dec 2024Listed for Sale Under Offer
- 28 Nov 2023Listed for Rent $470 / week
Recent sales nearby
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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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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