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3008/8 Franklin Street, Melbourne$425,000
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For Saleapartment

3008/8 Franklin Street

Melbourne, VIC 3000, Australia
$425,000
2 bed 1 bath

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About this property

This well maintained two bedroom apartment in the highly sought after 'Milano' apartment building located conveniently on the corner of Swanston St and Franklin St, just seconds to RMIT, Victoria Market, State Library, QV shopping mall, Melbourne Central Train Station Shopping Mall, Bars, Cafes, Restaurants and Carlton Garden etc, not to mention having the tram right on your doorstep, ALDI supermarket is a must, just on the ground floor, what's more do you need? Located on the level 30th, the floor-to-ceiling windows make the most of the northern aspect, filling the apartment in natural light. An open plan living and dining area equipped with stainless steel appliances and stone bench tops in the kitchen, add to the feel of luxury and quality. Two bedrooms are separated by a bathroom with access from both rooms, with quality fittings. Laundry facilities are also neatly concealed. Enjoy your best facilities in CBD which including the 21-seat cinema, outdoor BBQ area and club lounge. Keep active in the 25-metre pool, gym, and tennis courts, then relax in the decadent spa and sauna. Vacant possession is available now, potential rental income is $650/week which is equal to 8% rental return. This apartment is absolutely perfect for the first home buyer looking for that first property that's so hard to find and decide on! Vendor says sell it. For more information, please contact Stephen Shen on 0468 955 586.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Listed
3 months ago

Repayment calculator

$2,060/month
$1,030 /fortnight
Loan $340,000 at 6.10% over 30 years

Upfront costs

Deposit$85,000
Stamp duty$20,570
Conveyancing (est.)$2,000
Total upfront$107,570
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 11% below the $480,000 median of 71 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Stop 7: RMIT University (tram)144 m away
  • EzyMart146 m away
  • University Lawn299 m away
  • Unnamed305 m away
  • Eight Hour Reserve311 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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