430/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

430/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 1592m2
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Property Details for 430/118 Franklin St, Melbourne

430/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1592m2 and floor size of 55m2.

Building Type
Unit
Year Built
2001
Floor Size
55m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
430/PS425500

Last Listing description (June 2026)

Positioned in the heart of Melbourne's CBD, this well-designed apartment offers space, comfort and unbeatable convenience. Ideal for professionals, couples or sharers seeking a central lifestyle with everything at their doorstep.

Two generously sized bedrooms with built-in robes
Light-filled open-plan living and dining area

Functional kitchen with ample storage and bench space
Central bathroom and separate laundry
Private balcony for fresh air and relaxation
Split-system heating and cooling
Secure car space included

The apartment features timber flooring throughout the living areas and a practical layout that separates living and sleeping zones for added privacy.

Walking distance to Melbourne Central, Queen Victoria Market and RMIT University
Easy access to public transport, shops, cafes and restaurants
Close to Flagstaff Gardens and major city attractions

This is an excellent opportunity to secure a spacious CBD apartment with the rare inclusion of a car space.

Inspect now, this one won't last long.

Property History for 430/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
09 Jun 2026
  • 01 May 2026
    Listed for Rent $600 / week
  • 22 Oct 2025
    Listed for Rent $600 / week
  • 11 May 2022
    Listed for Rent $50 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,470 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
  • Houses have a median rent of $710 while Units have a median rent of $680.
There are currently 308 properties listed for sale, and 193 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2590 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.