202/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

202/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 45m2
Land area: 1592m2
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Property Details for 202/118 Franklin St, Melbourne

202/118 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 45m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2001
Floor Size
45m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
202/PS425500

Last Listing description (October 2024)

BEST OFFER CLOSING TUESDAY 3rd SEPTEMBER AT 1.00PM
Minutes to the Queen Victoria Market and so well positioned for a totally convenient city lifestyle with universities, trams, trains, great shopping, cafes and so much that Melbourne has to offer right at your fingertips. Located on level two of the popular Stargate Apartment Complex and front facing to Franklin Street. The accommodation comprises an open plan living with floor to ceiling windows leading onto a large balcony, split system heating & cooling and a well appointed kitchen area, that includes electric cooking, fridge and ample bench - cupboard space. Both bedrooms have openable windows and built in robes. Additional features include a central bathroom, including the Euro Style laundry, secure building entry and lift access.

An ideal opportunity for the owner occupier to move in and enjoy or the investor seeking an affordable entry into the high demand city rental market.

Property History for 202/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$375,000
03 Sep 2024
Listed for Rent
$325/w
05 Jul 2021
  • 03 Sep 2024
    Sold for $375,000
  • 08 Aug 2024
    Listed for Sale UNDER OFFER
  • 11 Oct 2019
    Listed for Rent $500 / week
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.