Back 810/243 Franklin Street
Off Market

810/243 Franklin Street

Melbourne VIC 3000

1
1
Apartment
Linda PanLinda Pan, last sold this property on 17 March 2025 after 89 days on market.

Overview

Prime CBD Investment with Strong Rental Potential

Positioned in the heart of Melbourne's bustling CBD at 810/243 Franklin Street, this sleek and modern apartment offers an outstanding opportunity for investors. With an estimated net rental yield over 9%, this property delivers a combination of excellent returns and an unbeatable location. Location Highlights: • Steps from the iconic Queen Victoria Market for fresh produce, shopping, and dining • Easy walking distance to RMIT University and Melbourne University, ensuring strong tenant appeal • Close to Flagstaff Gardens, public transport, and Melbourne Central shopping precinct • Surrounded by cafes, restaurants, and vibrant lifestyle options Key Features: • Clever Floor Plan: Open-plan kitchen, dining, and living area leading to a private balcony • Modern Finishes: Stylish kitchen with built-in appliances and ample storage • Spacious Bedroom: Featuring a built-in wardrobe for added convenience • Functional Amenities: Well-appointed bathroom and in-unit laundry facilities This well-located apartment maximizes every inch of space, appealing to tenants seeking modern urban living. With its combination of low-maintenance design, prime location, and potential for strong rental returns, this property is a smart addition to any investor's portfolio.

Features

1 bedroom
1 bathroom
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 810/243 Franklin Street is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
36
Estimated value trend
1%
increase 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 810/243 Franklin Street

2025
Sold
Undisclosed
17 Mar 2025 by Linda Pan, of Ray White Box Hill
2024
Rented
Undisclosed
Leased on 21 Jan 2024 by Ray White Box Hill
2023
Sold
$209,000
01 Sep 2023 by Linda Pan, of 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, 595 one-bedroom apartments similar to 810/243 Franklin Street, have been sold.

This represents a 8% increase in one-bedroom apartments sales when compared to the previous 12 months.

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