OFF MARKET

1/23 Franklin Place
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 130m2
Land area: 60m2
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Last updated 16 Sep 2024
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Property Details for 1/23 Franklin Pl, West Melbourne

1/23 Franklin Pl, West Melbourne is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 60m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last transferred in May 2019.

Building Type
Unit
Year Built
1940
Floor Size
130m2
Land Size
60m2
Local Government
Melbourne
Lot/Plan
1/PS622053

Last Listing description (June 2016)

City-edge living at its finest, this impressive warehouse conversion showcases modern elements of luxury across three spacious levels, interspersed with enticing glimpses into the building's industrial history, including carefully positioned exposed brick walls and rich original polished boards. The first two levels comprise three generous bedrooms (two built-in robes) and a stylish bathroom with indulgent deep-soaking bathtub, while striking exposed beams atop a soaring cathedral ceiling imbue a great sense of space to the top-floor living and dining domain, alongside an open kitchen and study nook. Only moments to the CBD, Flagstaff Gardens, cafes, fine dining and the market, this character-filled residence also features split-system heating/cooling, intercom entry and a single remote garage.

Property History for 1/23 Franklin Pl, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Transferred
23 May 2019
  • 23 May 2019
    Transferred
  • 18 Jun 2016
    Sold for $914,000
  • 26 May 2016
    Listed for Sale $720,000 - $790,000
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.

West Melbourne has 7,562 properties. Over the last 5 years, Houses in West Melbourne have seen a 11.70% increase in median value, while Units have seen a -5.56% decrease. As at 31 August 2024:

  • The median value for Houses in West Melbourne is $1,228,041 while the median value for Units is $519,370.
  • Houses have a median rent of $693 while Units have a median rent of $592.
There are currently 54 properties listed for sale, and 27 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 325 properties were sold in the past 12 months in West melbourne.

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