Back 501/243 Franklin St
Off Market

501/243 Franklin St

Melbourne VIC 3000

2
1
Apartment
JYE PEARCEJYE PEARCE, last sold this property on 02 February 2026 after 25 days on market.

Overview

Northern City lifestyle

Perfectly positioned on the city fringe, this well-presented two-bedroom apartment offers low-maintenance living with an emphasis on light, comfort and unbeatable convenience. The open-plan living and dining zone is air-conditioned and flows seamlessly to a north-facing balcony, providing a relaxing outdoor retreat and excellent natural sunlight throughout the year. A neat, modern kitchen and bathroom ensure easy everyday living, while the smart floor-plan maximises the apartment's 51sqm (approx.) of internal space. Location is key, 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. Ideal for owner-occupiers or investors seeking a city-based lifestyle or strong rental appeal, this is an opportunity not to be missed.

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 501/243 Franklin St is $545.14k.

Median value
$545.14k
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 501/243 Franklin St

2026
Sold
Undisclosed
Private Sale/Treaty on 02 Feb 2026 by JYE PEARCE, of Ray White CRE
2022
Rented
Undisclosed
Leased on 16 Oct 2022 by Caine Real Estate
2016
Sold
Undisclosed
18 Nov 2016 by Lee Maher, of Urban Property Melbourne

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 816 two-bedroom apartments similar to 501/243 Franklin St, have been sold.

This represents a 9% 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

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent