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608/243 Franklin Street, Melbourne, Vic 3000 Sold
608/243 Franklin Street, Melbourne, Vic 3000 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Image 608/243 Franklin Street, Melbourne, Vic 3000-Floorplan

608/243 Franklin Street, Melbourne, Vic 3000

$336,000

Apartment
Type
2
Bedrooms
1
Bathrooms

Last updated on Monday, July 06, 2026 ( See property details for 608/243 Franklin Street, Melbourne, Vic 3000)

$336,000

Ben Vu - Real Estate Agent - Ray White Southbank & Port Phillip
Ben Vu Sales Associate to Michael Pastrikos
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A stylish, low-maintenance CBD apartment offering exceptional rental yield, modern amenities, and unbeatable walkability in Melbourne's vibrant city centre.

🏡 Property Highlights

  • Exceptional rental yield of approximately 8.5% for investors
  • Open-plan living with bright, airy flow to a generous sheltered balcony
  • Floorboards throughout for a sleek, low-maintenance lifestyle
  • Contemporary stone kitchen with high-quality appliances and gas cooking
  • Double-glazed windows and split-system climate control for comfort
  • Prime CBD location near RMIT, Melbourne Uni, QVM, and Flagstaff Gardens

✨ Key Features

  • Open-Plan Living
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Fly Screens
  • Security Screens / Gates
  • Split-System Heating and Cooling
  • Outdoor Area / Balcony
  • Open-Plan Living
  • Waterfront / Views

Melbourne's CBD offers an unparalleled lifestyle with its vibrant mix of cultural attractions, world-class dining, and green spaces. Key points include: prime walkability to universities and markets, excellent public transport options, a thriving arts and entertainment scene, diverse dining experiences, and a strong investment market with high rental yields.

What are the ongoing strata or body corporate fees for this apartment?
The current strata fees are approximately $X per quarter, covering building maintenance, insurance, and communal facilities.
Is the apartment suitable for both investors and first-home buyers?
Yes, the property offers a high rental yield ideal for investors and a move-in-ready condition perfect for first-home buyers.
What are the nearby amenities and lifestyle attractions?
The apartment is within walking distance to Queen Victoria Market, RMIT, Melbourne University, Flagstaff Gardens, and numerous cafes, restaurants, and bars.
Are there any upcoming developments or planning activities in the area?
There are no known major developments currently planned that would impact the property, but prospective buyers should verify with local council for the latest information.
What is the condition of the building and the apartment?
The apartment has been recently refreshed with modern finishes, including floorboards and contemporary kitchen appliances, ensuring a well-maintained condition.
Are there any special levies or upcoming maintenance costs expected for the building? Has the property been inspected for any structural issues or defects? Are there any restrictions or easements affecting the property? What are the zoning regulations and potential for future development in the area? Is the property located in a flood or bushfire-prone zone? Are there any planned construction projects nearby that could impact noise or views? What are the details of the strata or body corporate management and fees? Are there any ongoing disputes or issues within the building or complex? Is the property compliant with all building codes and regulations? What are the terms of the lease if the property is currently tenanted?

608/243 Franklin Street, Melbourne, Vic 3000 - More Details

$336,000

• Golden return for the savvy investor with exceptional 8% rental yield opportunity
• Secure lease at $620/week until February 2027
• Open-plan living with bright and airy, flowing to a generous sheltered balcony.
• Floorboards throughout, offering a sleek, low-maintenance lifestyle.
• Contemporary stone kitchen with gas cooking and high-quality appliances.
• Double-glazed windows and split-system climate control.
• Access to a landscaped courtyard, BBQ area, and bike storage.
• Unrivalled CBD location, steps to RMIT, Melbourne Uni, QVM, Flagstaff Gardens and free city trams.
• Move in or lease out immediately with zero fuss.

Welcome to an exceptional entry point into the Melbourne market, perfectly tailored for savvy investors and ambitious first-home buyers alike. Delivering a remarkably rare and lucrative rental yield opportunity of approximately 8%, this turn-key property is the ultimate low-maintenance asset. Whether you are looking to secure a golden return with a reliable long-term tenancy or searching for an effortless, ready-to-enjoy city base, this residence promises immediate appeal and outstanding financial rewards.

Step inside to discover a beautifully refreshed interior, highlighted floorboards through out that flow seamlessly throughout the entire apartment-a stylish and highly practical upgrade. The open-plan living and dining domain is bathed in soft, natural light from its versatile sheltered balcony. Overlooking this inviting space is a contemporary, well-appointed kitchen featuring sleek stone benchtops, quality appliances, ample storage, and gas cooking, making it as functional as it is attractive.

Beyond its striking aesthetics, the home is engineered for everyday comfort and supreme peace of mind. Double-glazed windows ensure a quiet sanctuary above the bustling city, complemented by split-system heating and cooling, modern recessed lighting, and a convenient Euro laundry. Residents are also treated to excellent building facilities designed to enhance the inner-city lifestyle, including secure bike storage, a welcoming communal BBQ area, and a lush, landscaped courtyard.

Positioned perfectly within Melbourne's dynamic CBD grid, the location offers unparalleled walkability and day-to-day convenience. All of the city's best lifestyle destinations are merely moments from your door, including the iconic Queen Victoria Market, RMIT, the University of Melbourne, and the green expanse of Flagstaff Gardens. With the free tram zone, Melbourne Central, and an endless selection of world-class cafés, restaurants, and bars right at your fingertips, this is a highly convenient and versatile real estate opportunity you do not want to miss.
Type
Apartment
Bedrooms
2
Bathrooms
1
House Size
45 m²

Price guide

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