Back 1508/8 Franklin St
Off Market

1508/8 Franklin St

Melbourne VIC 3000

2
1
Apartment
For SaleFor Sale, last sold this property on 19 September 2025 after 57 days on market.

Overview

Fully Renovated & Turn-Key Apartment | Impressive Gross Yield of 7.7% pa

The Phone Code for this property is: 14110. Please quote this number when phoning or texting. Seize this rare opportunity to secure a high-performing investment in one of Melbourne's most sought-after residential towers - The Milano Apartments. Offering an impressive 7.7% gross yield, this property combines strong rental returns with enduring capital growth potential. Perched high on the 15th floor, this beautifully renovated two-bedroom apartment has been meticulously updated to maximise appeal and minimise ongoing maintenance: Brand new engineered floorboards - sleek and low-maintenance Freshly painted interiors - bright, modern, and tenant-ready New reverse cycle heating/cooling - year-round comfort Stylish new Holland blinds - privacy and light control Double-glazed sliding door - noise reduction and thermal efficiency North-facing balcony - sun-filled and perfect for relaxing Both bedrooms enjoy abundant natural light, with the second bedroom showcasing stunning city views. The smart floor plan includes: Stone finishes in kitchen and bathrooms Dual ensuite access for both bedrooms - ideal for shared tenancies 2.7m ceilings with floor-to-ceiling glazing - enhanced light and space Private balcony - appealing to renters seeking outdoor space Premium resident facilities boost rental demand, including: 25m heated swimming pool, spa, sauna, and fully equipped gym Tennis court, BBQ area, resident kitchen/function space, and 21-seat cinema 24-hour building attendant for security and convenience Prime location ensures consistent tenant interest: Steps from Melbourne Central, QV, Emporium, and Queen Victoria Market Walk to Melbourne University and RMIT - ideal for student tenants Close to trams, trains, dining, and entertainment hubs Whether you're expanding your portfolio or seeking a blue-chip investment, this apartment delivers premium rental yields, low vacancy risk, and strong capital growth prospects - all in a landmark building with enduring tenant appeal.

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 1508/8 Franklin St is $545.35k.

Median value
$545.35k
Estimated value range
$230k - $2.95m
Median days on market
48
Estimated value trend
-1%
decrease 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 1508/8 Franklin St

2025
Sold
Undisclosed
Private Sale/Treaty on 19 Sep 2025 by For Sale, of For Sale By Owner Australia
2018
Rented
Undisclosed
Leased on 20 Mar 2018 by Melcorp Real Estate City Central
2018
Rented
Undisclosed
Leased on 27 Feb 2018 by Melcorp Real Estate City Central

Happy sellers in Melbourne

84%
84% 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 133 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 814 two-bedroom apartments similar to 1508/8 Franklin St, have been sold.

This represents a 10% increase in two-bedroom apartments sales when compared to the previous 12 months.

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