SOLD
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Sold on 31 Jul 2024 for $265,000

302/263 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 31m2
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Property Details for 302/263 Franklin St, Melbourne

302/263 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment
Floor Size
31m2
Local Government
Melbourne
Lot/Plan
302B/PS628109

Last Listing description (July 2024)

Positioned directly opposite the iconic Queen Victoria Market and the green expanses of Flagstaff Gardens, this one bedroom, one bathroom apartment is soaked in northern sun and finished to elite standards throughout.

With luxury and lifestyle at the forefront, and appealing to market entrants and savvy investors, modern spaces reveal light-filled, open-plan living/dining, sleek kitchen flaunting Smeg appliances, stone surfaces and integrated fridge/freezer, split system heating/AC and private balcony.

A prized opportunity surrounded by the best Melbourne has to offer, a stone's throw to Flagstaff train station, RMIT, Melbourne University, and the finest cafes and restaurants in the area.

On a fixed term lease until February 2025 paying $2,564 per calendar month.

Outgoings:
Council rates: $181.59 per quarter (approx.)
Water rates: $179.16 per quarter (approx.)
Owners Corporation fees: $1,249.25 per quarter (approx.)

Areal Property's in-room auctions, held at 33 Camberwell Rd, Hawthorn East, VIC, 3123, allow both in-person and online participation. We retain the right to withdraw properties without prior notice. Auctions start promptly at 6:00 PM, and registration with the property's sales agent is required for participation. All auctions adhere to Sale of Land (Public Auctions) Regulations 2014. For further details, please contact Areal Property.

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Property History for 302/263 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$265,000
31 Jul 2024
Listed for Rent
$510/w
26 Jan 2023
  • 31 Jul 2024
    Sold for $265,000
  • 15 Jul 2024
    Listed for Sale $265,000
  • 18 Jan 2023
    Listed for Rent $510 / week
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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 60,881 properties. Over the last 5 years, Houses in Melbourne have seen a -37.57% decrease in median value, while Units have seen a 0.09% increase. As at 30 September 2024:

  • The median value for Houses in Melbourne is $742,012 while the median value for Units is $459,555.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 306 properties listed for sale, and 272 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 1935 properties were sold in the past 12 months in Melbourne.

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