322/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

322/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 1592m2
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Last updated 22 Dec 2025
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Property Details for 322/118 Franklin St, Melbourne

322/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2.

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

Last Listing description (March 2022)

Your city retreat awaits with this open plan freshly painted 2 bedroom, 1 bathroom apartment close to all that Melbourne has to offer.

Enter your sun filled spacious home which showcases generous central living and dining, where your modern and spacious kitchen offers ample storage and stainless steel appliances.


Good size bedrooms, with plenty of natural light and built in wardrobes, main bathroom featuring internal laundry and washing machine.

The apartment also features brand new carpet throughout, all furniture shown in the images will remain in the property.

In arguably the best pocket of inner city Melbourne, this property boasts the best of shopping convenience and nightlife entertainment. Access to the Melbourne CBD and a range of university campus' is effortless through the vast variety of public transport options. Some of the best restaurants are only a moments' walk from your door step, not to mention the iconic Queen Victoria Market.

Property History for 322/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$330/w
09 Mar 2022
  • 02 Mar 2022
    Listed for Rent $330 / 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.