413/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

413/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 46m2
Land area: 1592m2
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Last updated 12 Jan 2026
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Property Details for 413/118 Franklin St, Melbourne

413/118 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 46m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
2001
Floor Size
46m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
413/PS425500

Last Listing description (December 2025)

Positioned in a prime location, close to all that Melbourne has to offer will you find this exceptionally bright and spacious apartment.

Situated moments from public transport, cafes, restaurants, RMIT, Lygon Street, QV Market, Emporium Shopping, State Library of Victoria, Bourke Street Mall, University of Melbourne, be quick to inspect as properties of this calibre wont last.

Featuring 2 very well sized bedrooms, both with built in robes and one bedroom containing a study nook.
The home is fitted with a modern and spacious kitchen complete with ample storage and quality appliances. And a central bathroom filled with natural light contains your enclosed European laundry.

With a bright light filled living and open plan dining area flowing from your kitchen. This functional design creates the perfect space to entertain or simply relax and unwind to your sliding glass doors exiting to your very own private terrace.

This perfect property's comfort and functionality is completed with; split system heating and cooling contained in a secure and well maintained building.

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Property History for 413/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$365,000
27 Oct 2021
  • 08 Sep 2025
    Listed for Rent $540 / week
  • 30 Aug 2022
    Listed for Rent $440 / week
  • 27 Oct 2021
    Sold for $365,000
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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 64,286 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 246 properties listed for sale, and 354 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2730 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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