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Sold on 08 Apr 2024 - Price Unavailable

1108/243-263 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 30m2
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Property Details for 1108/243-263 Franklin St, Melbourne

1108/243-263 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit. The property has a floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Floor Size
30m2
Local Government
Melbourne
Lot/Plan
1108A/PS628109

Last Listing description (April 2024)

Don't miss out on this rare opportunity to invest in luxury urban living at its finest! Located at 243-263 Franklin Street, Melbourne VIC 3000, this property offers prime location and exceptional investment potential.

Nestled in Melbourne's vibrant cityscape, this modern apartment boasts unparalleled convenience. With direct access to attractions like the Queen Victoria Market, RMIT, the University of Melbourne, and Flagstaff Gardens, residents can enjoy the best of city living.

The apartment itself exudes contemporary elegance with sleek finishes and abundant natural light. The open-plan layout creates a spacious and inviting atmosphere, perfect for entertaining or relaxing.

Act quickly! The 11th-floor units have sold out rapidly, but new properties on the 8th floor are now available. With Melbourne's property market thriving and demand for inner-city living increasing, this presents a lucrative opportunity for savvy investors.

Don't miss your chance to secure a piece of Melbourne's coveted real estate. Enquire now and take the first step towards a prosperous investment future!

Disclaimer:
Whilst every effort has been made to ensure the accuracy of the information provided in this document, we cannot guarantee its completeness or correctness. We accept no responsibility for any errors, omissions, inaccuracies, or misstatements contained herein. Prospective purchasers are advised to conduct their own thorough investigations to verify the information presented.

Furthermore, we strongly recommend that purchasers refer to the due diligence check-list provided by Consumer Affairs and undertake their own enquiries to validate the details outlined in this document. https://www.consumer.vic.gov.au/checklists/due-diligence

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Property History for 1108/243-263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
08 Apr 2024
Listed for Rent
$330/w
15 Dec 2020
  • 05 Apr 2024
    Sold for $220,000
  • 26 Feb 2024
    Listed for Sale Welcome to inquire for other stocks
  • 20 May 2021
    Sold for $188,000
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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 60,846 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 358 properties listed for sale, and 310 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2134 properties were sold in the past 12 months in Melbourne.

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