904/263 Franklin Street, Melbourne, VIC 3000 sold on 21 July 2026 | OnTheHouse
SOLD
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Sold on 21 Jul 2026 for $301,000

904/263 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 40m2
Land area: 1660m2
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Property Details for 904/263 Franklin St, Melbourne

904/263 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a land size of 1660m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2015
Floor Size
40m2
Land Size
1660m2
Local Government
Melbourne
Lot/Plan
904B/PS628109

Last Listing description (July 2026)

Perfectly positioned to target an impressive 8% rental yield opportunity for investors.
Secure lease at $550/week until January 2027
Fully furnished and equipped-ready for immediate occupancy by high-quality tenants.

Premium height ensures better natural light, attracting long-term, stable tenants.
Durable, high-spec finishes including quality appliances and stone surfaces for reduced wear and tear.
Steps from the Free Tram Zone and three major train stations, maximizing appeal for urban professionals.
Unbeatable walkability to RMIT, Melbourne University, and major employment hubs.
Located in the heart of Melbourne's "Education and Innovation" district, ensuring constant demand.

Secure your position in the heart of Melbourne's thriving property market with this high-performing, fully furnished one-bedroom residence. Positioned on the ninth floor of the premier "Grand 8" complex, this apartment is specifically tailored for the astute investor seeking a robust addition to their portfolio. With its proximity to major universities, the legal precinct, and world-class transport, this property offers the perfect combination of high tenant demand and low vacancy risk, expertly positioned to deliver a projected rental yield of close to 8%.

In the current Melbourne market, this apartment stands out as a highly efficient investment vehicle. The floorplan is meticulously optimized for urban living, featuring a sleek, stone-topped Smeg kitchen equipped with an integrated oven, dishwasher, and gas cooktop The versatile living area, with its split-system climate control and seamless balcony access, provides the flexibility that modern renters crave. The bathroom, finished with floor-to-ceiling tiling and a stone-topped vanity, offers an elevated aesthetic that stands out in the crowded rental market. By providing a high-spec, modern living environment, you are not just securing a tenant; you are securing a reliable, long-term revenue stream in a high-growth location.

Beyond the apartment's internal quality, the location is a significant driver of long-term capital growth and consistent rental interest. With the Queen Victoria Market, Flagstaff Gardens, and the absolute epicenter of Melbourne's rail network at your doorstep, this is an address that will never fall out of favor. Whether targeting the international student market or corporate professionals, the convenience on offer here is second to none. This is an exceptional opportunity to acquire a managed, income-generating asset in one of the world's most livable cities.

Property History for 904/263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$301,000
21 Jul 2026
Listed for Rent
$510/w
26 Mar 2019
  • 21 Jul 2026
    Sold for $301,000
  • 15 May 2026
    Listed for Sale $300,000 - $330,000
  • 26 Mar 2019
    Listed for Rent - Price not available
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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 64,748 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
  • Houses have a median rent of $710 while Units have a median rent of $680.
There are currently 304 properties listed for sale, and 230 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2575 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.