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Back 504/263 Franklin Street
Off Market

504/263 Franklin Street

Melbourne VIC 3000

1
1
0 m²
0 m²
Apartment
Last sold for $325,000
Jen Lin LauJen Lin Lau, last sold this property on 05 March 2026 after 17 days on market.

Overview

Low-Maintenance Luxury, High-Return Haven!

Basking in the warmth of natural light, this fully furnished 1 bedroom apartment is an affordable match for first home owners and investors in search of central convenience. Set on the fifth floor of the midrise Grand 8 complex, take an easy stroll to neighbouring Queen Victoria Market, top-ranking universities, Flagstaff Gardens, restaurant choice, the free tram zone, Flagstaff and State Library trains, and Melbourne Central rail, retail and restaurants. A stone-topped Smeg kitchen features everything at your fingertips with ample storage space, a concealed fridge space, an integrated oven, microwave, 4-burner gas cooktop, and a dishwasher. The nearby dining area attracts sunlight through full-height glass before connecting with an undercover balcony. Always free-flowing, the versatile living area could also be used as a home office or guest bedroom with the addition of air conditioning, a wall-mounted TV, and direct access to the balcony. The generously scaled bedroom is serviced by a sleek bathroom graced with floor-to-ceiling tiles, mirrored cabinetry, and a stone-finished vanity. Take advantage of split-system heating and cooling, a Euro laundry with a Bosch washing machine and dryer, roller blinds, recessed down-lighting, intercom entry, and lift access. Hit the ground running with a selection of furniture and white goods including a Samsung TV, queen-sized bed, fridge/freezer, dining table plus two chairs, and more. Make plans to inspect today! Outgoings: Council Rates: $208.52 per quarter approx. Water Rates: $184.27 per quarter approx. Owners Corporation Fees: $1,290.86 per quarter approx. Potential Rental Income: $470-$520 per week (Furnished) * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Features

1 bedroom
1 bathroom
0 m² floor area
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 504/263 Franklin Street is $345.95k.

Median value
$345.95k
Estimated value range
$39k - $935k
Median days on market
36
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 504/263 Franklin Street

2026
Sold
$325,000
05 Mar 2026 by Jen Lin Lau, of MICM
2024
Rented
Undisclosed
Leased on 14 Jan 2024 by Elite Real Estate on Elizabeth
2022
Rented
Undisclosed
Leased on 21 Jul 2022 by Areal Property Box Hill

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 1 bedroom apartments in Melbourne

In the last 12 months, 588 one-bedroom apartments similar to 504/263 Franklin Street, have been sold.

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

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Catherine Sheo

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