323/118 Franklin StreetMelbourne VIC 3000
Property Details for 323/118 Franklin St, Melbourne
323/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1592m2.
Last Listing description (February 2014)
SECURE INVESTMENT
THIS EASY CARE ONE BEDROOM APARTMENT REPRESENT THE ULTIMATE LOW MAINTENANCE INVESTMENT PROMISING SOLID ONGOING RETURNS AT $278PW. CURRENTLY MANAGED WITHIN THE HOTEL SCHEME WITH STRONG OCCUPANCY. THIS IS ONE OF THE CITY?S MOST DESIRABLE BASES LOCATED JUST A STROLL TO THE VICTORIAN MARKET, MELBOURNE UNI, RMIT AND ONLY MINUTES FROM THE HEART OF THE CBD. THIS SMART APARTMENT ON LEVEL THREE COMPRISE SECURITY ENTRY OPEN PLAN LIVING AREA LEADING OUT TO A LARGE BALCONY, GOOD SIZED BEDROOM, MODERN BATHROOM AND STYLISH OPEN PLAN KITCHEN. PLEASE NOTE :THIS IS FOR ASUTE INVESTORS ONLY ? NOT FOR OWNER OCCUPATION.
Property History for 323/118 Franklin St, Melbourne, VIC 3000
- 13 Sep 2012Listed for Sale $178,000
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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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