515/118 Franklin Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$210,000-$230,000 Call Novine on 0452 368 806

515/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Affordable City Living with High Rental Yield Investment Potential!

Experience the Entry Level of Melbourne living in this beautifully presented one-bedroom modern apartment, superbly located in the heart of the Melbourne CBD. Perfect for investors, city professionals, downsizers or students, this property offers unbeatable convenience and excellent value.
Just a 4-minute walk to Queen Victoria Market and Flagstaff Gardens, with RMIT, The University of Melbourne, Melbourne Central, public transport, shopping, and countless dining options all moments from your doorstep. When it comes to lifestyle and accessibility, this location is simply unmatched.
✨ Apartment Features
• Brand New Floorboards
Enjoy a fresh, modern look with low-maintenance upgraded flooring throughout the living area.
• Functional, Well-Designed Kitchen
A compact yet practical kitchen featuring a sink, 2-burner cooktop, and generous cabinetry with drawers and overhead storage-perfect for everyday cooking and convenience.
• Bright Open Living / Dining + Study Space
The light-filled living area offers flexibility, comfortably accommodating both lounge and study zones.
• Private Bedroom with Sliding Door
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Property Details for 515/118 Franklin St, Melbourne

515/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with INVESTATE INTERNATIONAL PTY LTD.

Building Type
Apartment
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,216 properties. Over the last 5 years, Houses in Melbourne have seen a -21.74% decrease in median value, while Units have seen a -3.46% decrease. As at 31 October 2025:

  • The median value for Houses in Melbourne is $1,015,953 while the median value for Units is $443,745.
  • Houses have a median rent of $625 while Units have a median rent of $650.
There are currently 282 properties listed for sale, and 249 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2648 properties were sold in the past 12 months in Melbourne.

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Novine Zhang
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Samantha Young
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