2004A/8 Franklin Street Melbourne VIC 3000

2 / 1 / 1 / 8102 m2

Here you can find what you need to know about 2004A/8 Franklin Street , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Melbourne, VIC and much more.

Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000
Property photo of 2004A/8 Franklin Street Melbourne VIC 3000

Property Insights

2004A/8 Franklin Street Estimated Value

$482,000 - $555,000

Note: In a recent product update, Property Value has introduced some changes to the valuation model in which the Estimated Value is generated. This model reflects improvements to the underlying data following a major investment in additional data sources and improvements in the overall scope of CoreLogic data assets. This new model has since affected a property's previous Estimated Value and Estimated Values given prior to the product update may no longer be comparable due to the differing model methodology.

How do we calculate the Estimated Value?
Estimated Values or Automated Value Models (AVMs) are calculated using many different types of property and local market data. No one piece of information or factor alone will determine a property's value. Instead, CoreLogic AVMs use a broad range of data elements, including:
  • Property identifying information including address and/or assessor's parcel number and owner name
  • Prior sales of the property
  • Living area/square metres floor space
  • Year built
  • Number of bedrooms
  • Number of bathrooms
  • Lot size
  • Public record information collected from state and council records, such as deed transfers
  • Recent sales and listings of similar properties in the local market area
  • Area pricing trends
High confidence estimate
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Last sold for $523,000 on 02/12/2015

Sale Type: Unknown

Mortgage
Repayment
$405 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated
Rent
High confidence
Gross
Cashflow
Estimated
Gross Yield
High confidence
Natural Hazard Risk
Example Only
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Pros & Cons

Things to like
  • Above market cashflow potential
  • Cheaper than comparable properties
  • Low risk of losing value
Things to look out for
  • Slower growth than market average

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the property Cashflow Score

Each property is given a score out of 100 based on one factor relating to the specific property and one factor relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has higher than average estimated gross yield and is located in a suburb with similarly high yielding properties.

This property National
Estimated
Gross Yield
Manly, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Capital Growth Score

Each property is given a score out of 100 based on one factor relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

This property National
Change in Property
Value (1 yr)
Manly, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Lower Risk Score

Each property is given a score out of 100 based on two factors relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to command higher rent than average and therefore attract higher income tenants. Furthermore, it is likely to be easier to sell in the future due to strong market health indicators in the suburb it is located in.

This property National
Change in Property
Value (5 yr)
Estimated weekly
rent
Manly, NSW National
Average Days
on Market
Change in Median
Price (5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

About this Property

Details

Bedrooms 2
Bathrooms 1
Car Spaces 1
Land Size 8102 m2
Floor Area 54 m2
House Type Unit: Standard
Council Area Melbourne
Year Built 2007
Zone Capital City Zone - Schedule 1
Lot/Plan 2004/PS512424 Melbourne VIC
Property Type Unit

Last listing description (December 2019)

Modern City Apartment Offering Comfort & Style.
Complete with 2 bedrooms, a central bathroom, a Euro laundry, a kitchen with stainless steel appliances, sizeable lounge room and car park with storage, make yourself right at home in this elegant Milano apartment.

Boasting resort-style facilities, this sophisticated complex includes a gym, sauna, outdoor tennis court, indoor heated pool and spa, a terrace barbecue with spectacular views and your very own cinema room available to residents of The Milano!

Guaranteed to create an impact, the open plan kitchen, living and dining area exudes a contemporary feel throughout, is light and bright and also features downlights to illuminate your evenings.

Promising an unforgettable lifestyle steeped in luxury, enjoy living in the heart of Melbourne with just moments away from Melbourne Central, Aldi downstairs, and trams, trains, shops, restaurants and RMIT right on your doorstep.

Close to Queen Vic Market, the Emporium, the theatre district, Melbourne University, exclusive retail fashion stores, cinemas and entertainment, you'll love the exciting city nightlife this address has to offer.

As you enter the Italian-inspired foyer with 24/7 concierge and security, step into the elevator for a smooth ride up to your floor and get ready to take in those sweeping city views on the fabulous entertainer's balcony. With floor-to-ceiling windows adjoining the superb open living zone and meals area, Friday night drinks at your place is a must.

Leased out with a strong return (Approx 7%), this is a fantastic opportunity for investors too. The time to act is now! Contact Paul Torok on 0490815564 for more information.

Apartment Features:
2-Bedroom Apartment
1 Main Bathroom
Euro Laundry
Kitchen with Stainless Steel Appliances and Dishwasher
Sizeable Lounge Room
Open Plan Kitchen, Living and Dining
Downlights Throughout
Car park
Storage

Complex Features:
Gym
Sauna
Cinema
Outdoor Tennis Court
Indoor Heated Pool and Spa
Terrace Barbecue
24/7 Concierge and Security

Property Timeline

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State Auction Clearance Rates - December 2019

Auctions Clearance rate
VIC 1368 73%
ACT 72 71%
NSW 949 68%
NT 5 20%
QLD 207 50%
SA 127 52%
TAS 0 0%
WA 51 43%

Suburb Insights

Melbourne, VIC 3000

No data available Part of: Melbourne Council

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Occupancy


Demographic data provided
by Australian Bureau of Statistics


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Here you can find everything you need to know about 2004/8 Franklin Street, including the property sale history and estimated market value as well as insights into Franklin Street and Melbourne 2004A/8 Franklin Street Melbourne VIC 3000