304/263 Franklin Street, Melbourne VIC 3000

1-bedroom city-fringe apartment | strong rental yield near 9% | fully furnished with modern appliances | zoned for University High School | high tenant demand from students and professionals This apartment presents a compelling buying case for an investor or first-home buyer seeking a high-yield inner-city base. Its fully furnished condition with modern appliances, split-system air conditioning, and dishwasher removes immediate capital outlay while the central Franklin Street location ensures consistent tenant demand from university and hospital precincts. The estimated gross rental yield of approximately 9.4% significantly outperforms typical Melbourne apartment returns, and the zoning for University High School adds a layer of long-term value. This property is best positioned for an investor prioritising cash flow or a buyer seeking a low-maintenance city foothold. The primary risk is compact apartment living in a dense high-rise, which limits appeal for families or those seeking space. The absence of parking may narrow the tenant pool slightly, though city proximity offsets this for most renters. Fixed-line internet availability is not confirmed but 5G coverage is present, which is sufficient for most users. The buyer should verify body corporate fees and any upcoming special levies, as these can erode yield. The opportunity is to hold for steady rental income while capital growth tracks the broader Melbourne CBD market. Use this property as a buy-and-hold investment or a cost-effective owner-occupier launchpad.