321/118 Franklin StreetMelbourne VIC 3000
Property Details for 321/118 Franklin St, Melbourne
321/118 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 43m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (April 2018)
This two bedroom north-facing apartment in the Nova Stargate complex is an amazing opportunity for investors with amazing returns! Just metres to the Queen Victoria Market, Melbourne University, Melbourne Central as well as the renowned RMIT University.
- Part of the Nova Stargate hotel, offering excellent rental returns of $21,757 per annum which translates to a 7.53% return.
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- Fully-serviced and enjoying bright living and meals out to a north-facing balcony.
- Kitchen features a breakfast bar and Blanco stainless steel appliances, tasteful bathroom enjoys a European laundry.
- Both bedroom comes with built-in robes including one bed which has a handy study nook.
- Reverse cycle heating and cooling, secure intercom entry, serviced reception, access to the building's gym and sauna.
- Near Flagstaff Gardens, QV Shopping, Flagstaff Station, and trams taking you all around the city.
Property History for 321/118 Franklin St, Melbourne, VIC 3000
- 02 Feb 2021Sold for $357,400
- 08 Aug 2016Listed for Sale $289,000
- 29 May 2010Listed for Sale $270,000.00
Recent sales nearby
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0About 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.
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