4/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

4/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Last updated 22 Dec 2025
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Property Details for 4/118 Franklin St, Melbourne

4/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Melbourne

Last Listing description (December 2021)

To enquire, please email or call 1300 815 051 and enter code 1023

Located on the doorstep of The Queen Victoria Market, fresh produce for your inner MasterChef, and the Best of Melbourne's Universities, RMIT, University of Melbourne, for those who like to stimulate their minds, trams, trains, buses (one stop away from free transport around the city) forget about parking fees and fines, this well maintained two-bedroom apartment is fully furnished waiting for a lucky person to call it home.

Close to schools, hospitals, recreational parks, and Melbourne's famous nightlife.

With views to the north and the west including out over Queen Victoria Market, this 4th floor apartment in the Nova Stargate complex enjoys relaxed living and meals, a tasteful kitchen with s/steel appliances, bedroom with great storage, neatly presented bathroom, and a balcony to enjoy the views.

With the convenience of being close to every designer store and department stores like Myer and David Jones, you will appreciate the ample storage on offer.

Features include:
Secure intercom entry, reverse cycle heating/cooling, European Laundry in bathroom
6 to 12 month lease option

Be quick as this location is well sought after and is priced to be leased, just unpack your shopping bags and enjoy the convenience of this centrally located well-appointed apartment.

To enquire, please email or call 1300 815 051 and enter code 1023

Property History for 4/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$330/w
24 Dec 2021
  • 24 Jul 2021
    Listed for Rent $330 / week
  • 29 Mar 2021
    Listed for Rent $350 / 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.