SOLD
Sold on 18 Apr 2024 for $200,000

711/253 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 22m2
Sold By
Areal Property Point Cook
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Property Details for 711/253 Franklin St, Melbourne

711/253 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a floor size of 22m2. 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
Year Built
2011
Floor Size
22m2
Local Government
Melbourne
Lot/Plan
711/PS628109

Last Listing description (May 2024)

A convenient, easy, low-maintenance lifestyle can be yours in this stylish modern studio apartment situated in a highly sought-after location directly opposite the Queen Victoria Markets. This is inner-city living at its best with your choice of cafes, restaurants, and entertainment venues right at your doorstep!

The clever layout of this studio apartment has good size living in the centre of Melbourne. You'll be comfortable all year round with air-conditioning to heat and cool the home and a floor-to-ceiling sliding doors that lead outside to allow natural light to flow into the living area. The balcony has space for an outdoor setting where you can relax and unwind and the unit has a sliding divider door to provide added privacy.

The compact well-designed kitchen has lots and cupboards and bench space for prepping food, stainless steel appliances, and a gas cooktop. Plus, there is a neatly contained European-style laundry and storage cupboards.

The secure building has intercom access and is ideally placed close to public transport. It's the perfect CBD base just minutes away from RMIT, the University of Melbourne, Bourke Street Mall, and Southern Cross Station and you can stroll through Flagstaff Gardens at the end of the block.

This neat, low-maintenance unit offers an excellent inner-city lifestyle and represents an incredible investment opportunity. Why not make an enquiry today!

Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http

Property History for 711/253 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$200,000
18 Apr 2024
Listed for Rent
$500/w
12 Jul 2023
  • 18 Apr 2024
    Sold for $200,000
  • 27 Jul 2023
    Listed for Sale Not Disclosed
  • 19 Jun 2023
    Listed for Rent $500 / 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 61,354 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 301 properties listed for sale, and 261 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2079 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.