OFF MARKET

506/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 22m2
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Property Details for 506/253 Franklin St, Melbourne

506/253 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2012. The property has a floor size of 22m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
2012
Floor Size
22m2
Local Government
Melbourne
Lot/Plan
506/PS628109

Last Listing description (May 2024)

Situated in a highly sought-after location directly opposite the famous Queen Victoria Market, this fully furnished cozy apartment on Franklin Street is only a few minutes away from RMIT, University of Melbourne, Flagstaff Gardens, Melbourne Central, Bourke Street Mall, Southern Cross Station and some of Melbourne's best cafes, restaurants and entertainment venues.

This fully furnished studio apartment is quick to set the benchmark for convenient inner city living, offering an environmentally sustainable design. This studio apartment includes modern appliances, fridge, dishwasher, split system, washing machine and dryer, television, security entrance with intercom, private balcony and bicycle storage area.

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Property History for 506/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$200,000
29 Sep 2022
Listed for Rent
$500/w
20 Apr 2024
  • 19 Apr 2024
    Listed for Rent $500 / week
  • 06 Mar 2023
    Listed for Rent $450 / week
  • 29 Sep 2022
    Sold for $200,000
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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 60,844 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 351 properties listed for sale, and 299 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2141 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.