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Back 705/263 Franklin Street
Off Market

705/263 Franklin Street

Melbourne VIC 3000

2
2
Apartment
Last sold for $375,000
Kay LimKay Lim, last sold this property on 31 August 2025 after 66 days on market.

Overview

9% Rental Yield for the investors / Affordable first home

Positioned opposite the iconic Queen Victoria Market and the green expanses of Flagstaff Gardens, this designer apartment has been finished to uncompromised standards, ensuring a lifestyle of luxury and convenience. Calming neutral tones and high-end finishes create a sense of prestige and sophistication throughout the 2 bedroom, 2 bathroom layout, with its stunning open-plan layout incorporating a sleek kitchen showcasing quality appliances, integrated fridge/freezer and stone benchtops. Adding to the appeal and comfort, you can enjoy the covered balcony, plus split system heating/AC. Whether you're looking for the perfect low-maintenance home or wanting to invest, the location is sure to impress, surrounded by the best Melbourne has to offer, a stone's throw to Flagstaff train station, RMIT, Melbourne University and the finest cafes and restaurants in the area. Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Prospective purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs Victoria. Click on the link for a copy of the due diligence check-list from Consumer Affairs Victoria. http://www.consumer.vic.gov.au/duediligencechecklist

Features

2 bedrooms
2 bathrooms
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 705/263 Franklin Street is $545.26k.

Median value
$545.26k
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 705/263 Franklin Street

2025
Rented
Undisclosed
Leased on 01 Dec 2025 by Areal Property Box Hill
2025
Sold
$375,000
31 Aug 2025 by Kay Lim, of Areal Property Box Hill
2024
Rented
Undisclosed
Leased on 02 Nov 2024 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 2 bedroom apartments in Melbourne

In the last 12 months, 815 two-bedroom apartments similar to 705/263 Franklin Street, have been sold.

This represents a 9% increase in two-bedroom apartments sales when compared to the previous 12 months.

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Philip Middlemiss

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Catherine Sheo

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