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Back 109/253 Franklin Street
Off Market

109/253 Franklin Street

Melbourne VIC 3000

2
1
Apartment
Last sold for $238,000
Martin MashniMartin Mashni, last sold this property on 21 November 2013 after 43 days on market.

Overview

Amazing return of 6.5% from a normal residential 2 bedroom apartment !!!

This property lends itself to both investors and owner occupiers. With an amazing return of $1907 pcm and low outgoings this is surely an ideal investment. This lovely apartment is generating a gross 6.5% return on your investment. Please note this is not student only accommodation or a hotel suite. We also have a depreciation schedule available. Perfectly located opposite the Queen Victoria market, you'll feel right at home in this one-bed plus study apartment safe and secure on the first floor. Within a stylish and high tech, environmentally sustainably building, it's also so close to the University of Melbourne and RMIT, plus is just a short stroll to the Flagstaff gardens, restaurants, gyms and Chinatown. Inside, the residence offers its own relaxing balcony through floor-to-ceiling stacker doors, which steps out to a bamboo, Japanese-inspired residents' garden, for the perfect respite from busy city life. Welcomed into a tiled entrance, the apartment is meticulously presented with a white and grey palette. The modern kitchen has a crisp stone bench, feature dark grey tiled splash back and stainless steel appliances, including a compact dishwasher, while the bathroom nearby has cool white tiling and excellent open shelving. Pretty views to the bamboo set a tranquil scene in the living/dining area, with a split-system airconditioner and handy shelving. The main bedroom has sliding opaque glass doors and built-in robes, while the adjoining study could also work as a second bedroom. With everything you need for city living, including a handy European laundry and secure intercom access, this city apartment is ideal for both savvy investors and owner-occupiers.

Features

2 bedrooms
1 bathroom
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 109/253 Franklin Street is $545.54k.

Median value
$545.54k
Estimated value range
$237k - $3m
Median days on market
46
Estimated value trend
0%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 109/253 Franklin Street

2025
Rented
Undisclosed
Leased on 06 May 2025 by Dingle Partners
2024
Rented
Undisclosed
Leased on 03 Nov 2024 by Dingle Partners
2022
Rented
Undisclosed
Leased on 03 Jul 2022 by Space Estate Agents Melbourne

Happy sellers in Melbourne

83%
83% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 130 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 808 two-bedroom apartments similar to 109/253 Franklin Street, have been sold.

This represents a 13% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 14 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
  •  19 Reviews in Melbourne
  •  14 Sales in Melbourne
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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

  •   4.9   (240 reviews)
  •  17 Reviews in Melbourne
  •  56 Sales in Melbourne
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (119 reviews)
  •  19 Reviews in Melbourne
  •  13 Sales in Melbourne
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 12 local sales and collected 9 local reviews across the last 12 months.

  •   4.9   (57 reviews)
  •  9 Reviews in Melbourne
  •  12 Sales in Melbourne
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