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707/243 Franklin Street

Melbourne VIC 3000

1
1
25 m²
Apartment
Currently for sale - view listing

Overview

Affordable CBD Investment with Strong Rental Potential

Positioned in the heart of Melbourne CBD, this compact one-bedroom apartment presents an affordable opportunity for investors looking to secure a centrally located property with strong rental potential. Located at 243 Franklin Street, the apartment is within easy walking distance of Queen Victoria Market, RMIT University, Melbourne Central, Flagstaff Gardens and the city's extensive tram network. With an expected rental potential of approximately $500 per week, the property offers an attractive gross rental return at this price point. The apartment features a practical layout with a separate bedroom, bathroom, kitchen and private balcony, making efficient use of its compact footprint. Property features: One bedroom One bathroom Private balcony Approx. 25 sqm Estimated rental potential of approximately $500 per week Affordable entry point into the Melbourne CBD property market Walking distance to Queen Victoria Market Close to RMIT University and Melbourne Central Easy access to trams, trains, shops, cafés and restaurants Ideal for investors and cash-rich buyers For investors seeking a low-entry-price property in a highly convenient CBD location, this apartment is well worth considering. Disclaimer: Some images have been digitally enhanced and/or virtually staged using AI for presentation purposes, including the addition of bedding, plants and decorative items. These items may not be included with the property. Photos and floor plans are provided for reference purposes only. Buyers should conduct their own due diligence and independently verify all information before making a purchase decision.

Features

1 bedroom
1 bathroom
25 m² floor area
Apartment

Property history for 707/243 Franklin Street

2020
Rented
Undisclosed
Leased on 28 Jul 2020 by Areal Property Box Hill

Happy sellers in Melbourne

86%
86% 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 123 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 584 one-bedroom apartments similar to 707/243 Franklin Street, have been sold.

This represents a 19% increase in one-bedroom apartments sales when compared to the previous 12 months.

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