317/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

317/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 21m2
Land area: 1592m2
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Last updated 22 Dec 2025
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Property Details for 317/118 Franklin St, Melbourne

317/118 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 21m2.

Building Type
Unit
Year Built
2001
Floor Size
21m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
317/PS425500

Last Listing description (January 2021)

Do you want to move into the CBD and want something cosy without too much upkeep needed?

This one bedroom apartment would be perfect for any working professional or young couple who are looking for an easy one bedroom apartment to move into! Being situated in the sought after location of Franklin Street this apartments is right in the middle of it all! There is different choices of public transport nearby including tram, bus as well as train however you really don't need to travel far to enjoy what Melbourne city offers.

Queen Victoria market is only a few minutes' walk away so if you enjoy taking a break from cooking on a Wednesday evening, head down to the market and you will love the different cuisines they have to offer! If you enjoy shopping on the weekends you are in luck because Melbourne central is only a 10 minute walk away.

The property itself offers open plan living accommodation which is great for anyone wanting a bright open and airy space and this would also work well for anyone who likes to perhaps cook their evening meal while catching up with their partner who is relaxing in the lounge area.

The colour scheme throughout the apartment is very neutral which is great as it can be very versatile, so all you need to do is move in, unpack your belongings and maybe purchase a few new plants to add a pop of colour to your new home!

This property is available now and the lease period is between 6 months.

People cannot attend any Ray White site if they:

are ill;
have been diagnosed with COVID-19 and are awaiting medical clearance;
have been in close contact with a confirmed case of COVID-19 in the past 14 days; or
arrived in Australia or New Zealand from overseas, and have not self-isolated for 14 days.
People can return to Ray White sites after 14 days of isolation and without presenting any symptoms of the virus.

Property History for 317/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$240/w
19 Jan 2021
  • 08 Jul 2019
    Listed for Rent - Price not available
  • 05 Mar 2019
    Listed for Rent - Price not available
  • 06 Jun 2017
    Listed for Rent - Price not available
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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, 2748 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.