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707/243 Franklin Street, Melbourne, Vic 3000 For Sale
707/243 Franklin Street, Melbourne, Vic 3000 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Image 707/243 Franklin Street, Melbourne, Vic 3000-Floorplan

707/243 Franklin Street, Melbourne, Vic 3000

$215,000-$235,000

Apartment
Type
1
Bedrooms
1
Bathrooms

Published on Monday, August 17, 2026 ( See property details for 707/243 Franklin Street, Melbourne, Vic 3000)

$215,000-$235,000

Open on Thursday 20 August 11:00 am | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, fully furnished one-bedroom apartment in Melbourne CBD, offering low-maintenance city living and strong rental potential.

🏡 Property Highlights

  • Prime CBD location with easy access to public transport and amenities
  • Recently refreshed interior with brand-new carpet and fresh paint
  • Fully furnished, move-in ready apartment
  • Private balcony offering outdoor space in the city
  • Affordable entry point into Melbourne CBD property market
  • Strong rental potential of approximately $500 per week

✨ Key Features

  • One bedroom
  • One bathroom
  • Private balcony
  • Fully furnished
  • Recently refreshed throughout
  • Freshly painted
  • Brand-new carpet
  • Approx. 25 sqm
  • Walking distance to Queen Victoria Market
  • Close to RMIT University and Melbourne Central

Melbourne CBD offers vibrant city living with excellent amenities, diverse dining options, and convenient public transport. Key highlights include proximity to Queen Victoria Market, RMIT University, and Melbourne Central. The area boasts a lively cultural scene, extensive shopping, and beautiful parks like Flagstaff Gardens. It’s an ideal location for professionals, students, and investors seeking a dynamic urban lifestyle.

Is the apartment suitable for first-time buyers or investors?
Yes, the apartment's affordable price, strong rental potential, and central location make it ideal for both first-time buyers and investors seeking a city-based rental property.
What amenities are nearby?
The apartment is within walking distance of Queen Victoria Market, RMIT University, Melbourne Central, Flagstaff Gardens, and has easy access to trams, trains, shops, cafés, and restaurants.
Is the apartment furnished and move-in ready?
Yes, the property is fully furnished, freshly painted, with brand-new carpet, and ready for immediate occupancy or rental.
What is the estimated rental income?
The estimated rental potential is approximately $500 per week, offering an attractive gross rental return.
Are there any recent updates or renovations?
Yes, the apartment has been recently refreshed throughout, including new paint and carpet, making it a low-maintenance city home.
Are there any strata or body corporate fees associated with this apartment? Have there been any recent or upcoming building repairs or assessments? Are there any restrictions or easements affecting the property? What are the zoning regulations for this property? Is the building compliant with safety and building codes? Are there any planned developments or construction nearby that could impact the property? What are the total ongoing costs, including council rates and strata fees? Is there any history of flooding or bushfire risk in this area? Are there any noise or disturbance issues from nearby properties or infrastructure? What is the parking situation for residents and visitors?

707/243 Franklin Street, Melbourne, Vic 3000 - More Details

$215,000-$235,000

Positioned in the heart of Melbourne CBD, this recently refreshed one-bedroom apartment presents an affordable opportunity for both owner-occupiers and investors looking for a centrally located property with strong rental potential.

Currently vacant and ready to move into, the apartment is fully furnished, freshly painted and features brand-new carpet, making it an easy option for buyers wanting a low-maintenance city home or a ready-to-rent investment.

Located at 243 Franklin Street, the apartment is within easy walking distance of Queen Victoria Market, RMIT University, Melbourne Central, Flagstaff Gardens and Melbourne's extensive tram network.

With an estimated 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
Recently refreshed throughout
Freshly painted with brand-new carpet
Fully furnished
Currently vacant and ready to move into
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 owner-occupiers

Whether you're looking for an affordable place to call home in Melbourne CBD or a centrally located investment with strong rental potential, 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.
Type
Apartment
Bedrooms
1
Bathrooms
1
House Size
25 m²

Price guide

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Inspections times

  • Inspection Thu 20 Aug 11:00 am

    Thursday 20 August
    11:00 am - 11:30 am
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  • Inspection Sat 22 Aug 12:30 pm

    Saturday 22 August
    12:30 pm - 1:00 pm
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