712/253 Franklin Street, Melbourne VIC 3000
712/253 Franklin Street, Melbourne VIC 3000
compact one-bedroom balcony unit | high floor in CBD tower | rental yield near nine percent | no parking included | investor-grade city foothold
This apartment is considered competitively positioned as an entry-level high-rise offering in Melbourne’s central city context, where its balcony and elevated floor provide a slight edge over many compact units in the area. The strong rental demand and indicative yield indicate it is best suited to investors seeking active income from a city foothold, or owner-occupiers who value immediate access to employment, universities, and retail infrastructure over internal space or parking provision.
The absence of parking and the unit’s modest size may limit appeal for certain buyers, and the building’s construction quality and exact aspect could influence perceived value. Rental performance might be impacted by changes in CBD supply, so the projected yield should be validated through confirmed tenancy data and comparable letting outcomes.
Detailed Independent Property Report prepared by PropCred Analyst team for 712/253 Franklin Street, Melbourne VIC 3000
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!