FOR SALE
$429,000

501/263 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Prime Melbourne CBD Investment With High Rental Yield!

Nestled directly opposite the iconic Queen Victoria Market and serene Flagstaff Gardens, this exquisite apartment offers an unmatched standard of city living. Impeccably designed, the residence boasts two bedrooms and a sophisticated bathroom, all within an open-plan layout perfect for both living and dining. Equipped with split system heating/air conditioning, the stylish kitchen features stainless steel appliances, sleek stone finishes, and an integrated fridge/freezer, seamlessly extending to a private balcony for urban relaxation.
An ideal opportunity for first-time buyers or savvy investors, this residence places the vibrant heart of Melbourne right at your doorstep. Just moments from Flagstaff Station, RMIT, Melbourne University, and an array of top-tier cafes and restaurants, this is your chance to experience the best the city has to offer.
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://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 501/263 Franklin St, Melbourne

501/263 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with Areal Property - Hawthorn.

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 61,548 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 382 properties listed for sale, and 335 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2192 properties were sold in the past 12 months in Melbourne.

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