FOR SALE
$350,000- $360,000

1306/243 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Prime Investment Opportunity: Furnished 1-Bedroom with High Yield (Approx. 10%) in Melbourne CBD

- Fully Furnished & Turn-key ready
- Cheap annual outgoings and high rental return
- Large, practical equipped kitchen, with gas cooktop and electric appliances
- White goods Inc. Fridge, Dishwasher and Washing Machine and electronics
- Available with vacant possession
This property presents a compelling investment opportunity, offering an approximate rental yield with a vast range of versatile occupancy options. Whether used as a city base, a secure fixed-term tenancy, or a high-yield short-stay investment, this fully furnished turnkey residence is ready for immediate occupancy.
Located in the vibrant heart of Melbourne's CBD, this residence offers unparalleled convenience in a sought-after lifestyle precinct. The apartment boasts a modern, well-appointed kitchen with a stylish stone kitchen, gas cooktop, refrigerator, and equipped appliances.
Floor-to-ceiling windows flood the apartment with natural light, illuminating the open-plan living and dining area, and generously sized undercover balcony. The residence is tastefully furnished with a Queen-sized bed with storage, bedside tables, wall-mounted TVs, and a comfortable lounge suite, ensuring both functionality and comfort.
Additional features include a fully tiled bathroom, built in robes, double glazing, and recessed down-lighting. Residents will enjoy proximity to prestigious universities, the renowned Queen Victoria Market, complimentary city trams, the State Library, Flagstaff Gardens, and a variety of popular cafes, bars, and restaurants, all just moments away.
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Property Details for 1306/243 Franklin St, Melbourne

1306/243 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with The Agency Victoria.

Building Type
Apartment

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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 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% 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 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,550 properties. Over the last 5 years, Houses in Melbourne have seen a 14.85% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:

  • The median value for Houses in Melbourne is $1,252,430 while the median value for Units is $449,245.
  • Houses have a median rent of $588 while Units have a median rent of $650.
There are currently 386 properties listed for sale, and 338 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2213 properties were sold in the past 12 months in Melbourne.

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Georgia Ackroyd
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