FOR SALE
$320,000-$350,000

508/243 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Franklin St

The Phone Code for this property is: 29792. Please quote this number when phoning or texting.
Seize the opportunity to move into this immaculate 'fully furnished' 2-bedroom apartment or invest and reap the rewards in one of Melbourne's most coveted locations, directly opposite the vibrant Queen Victoria Market. This abode offers a high yield proposition, over 8% gross return. There is minimal maintenance, and the ultimate convenience of a CBD address. Walk to RMIT, relax in the lush greenery of Flagstaff Gardens, or explore Melbourne Central's shopping, dining, and transport options just steps away.
Perched on the 5th floor of the prestigious 88 Infinity complex, this apartment exudes modern elegance. The kitchen features a microwave, dishwasher, stone benchtop, induction cooktop, and a tiled splashback, complemented by a fridge/freezer. The open-plan living and dining area extends effortlessly to an undercover balcony through expansive floor-to-ceiling sliding glass doors, offering breathtaking views of the city skyline, Bolte Bridge, and Flagstaff Gardens' verdant canopy.
Both generously sized, robed bedrooms are serviced by a luxurious bathroom with a fully tiled shower, providing a private retreat within the bustling city. The apartment is equipped with split-system heating and cooling for year-round comfort, a welcoming hallway entrance, stylish furnishings, a wall-mounted Samsung television, a concealed laundry with a top-of-the-line washing machine and dryer, roller blinds, recessed downlighting, and secure intercom entry.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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Property Details for 508/243 Franklin St, Melbourne

508/243 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

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 61,329 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 302 properties listed for sale, and 275 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2052 properties were sold in the past 12 months in Melbourne.

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