1007/118 Franklin Street, Melbourne, VIC 3000 sold on 25 October 2025 | OnTheHouse
SOLD
Sold on 25 Oct 2025 for $405,000

1007/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 56m2
Land area: 1592m2
Sold By
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Marshall White Armadale
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Property Details for 1007/118 Franklin St, Melbourne

1007/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
56m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
1007/PS425500

Last Listing description (April 2026)

Step into a lifestyle of sophistication and convenience with this exceptional dual-level apartment at 1007/118 Franklin Street, right in the heart of Melbournes vibrant CBD.

Perfectly designed for modern living, this residence combines sleek interiors with thoughtful functionality, offering the perfect balance between comfort and style.

The ground floor welcomes you with a contemporary kitchen flowing into open-plan dining and living areas, enhanced by air conditioning for year-round comfort. Large sliding doors open to a private balcony, creating the ideal setting for entertaining or unwinding after a busy day. Clever details such as under-stair storage, a powder room and laundry facilities make city living effortlessly practical.

Upstairs, a spacious main bedroom awaits, complete with a walk-in-robe, sleek bathroom and its very own balcony retreat. Whether youre enjoying a quiet morning coffee or soaking up the city lights at night, this space is designed to impress and indulge.

Positioned just moments from Melbournes universities, world-class dining, the iconic Queen Victoria Market, and excellent transport options, this is an outstanding opportunity to secure a home that delivers both lifestyle and location.

Property History for 1007/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$405,000
25 Oct 2025
Listed for Rent
$575/w
18 Mar 2025
  • 22 Dec 2025
    Listed for Rent $595 / week
  • 25 Oct 2025
    Sold for $405,000
  • 30 Sep 2025
    Listed for Sale $400,000 - $440,000
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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 64,123 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 304 properties listed for sale, and 171 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2649 properties were sold in the past 12 months in Melbourne.

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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.