FOR SALE
Rental yield gem

810/243 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime CBD Investment with Strong Rental Potential

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 of approximately 8.5%, 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
• Easy walking distance to RMIT University and Melbourne University, ensuring strong tenant appeal
• 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
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Property Details for 810/243 Franklin St, Melbourne

810/243 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Ray White Box Hill.

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 61,547 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 339 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2217 properties were sold in the past 12 months in Melbourne.

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Linda Pan
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Dennis Shi
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Ray White Box Hill
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