418/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

418/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 418/118 Franklin St, Melbourne

418/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
2001
Local Government
Melbourne
Lot/Plan
418/PS425500

Last Listing description (September 2025)

Spacious and Furnished, 1 Bedroom Beauty!

Your city retreat awaits with this open plan 1 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 kitchen offers your essential appliances.

Good size bedroom, with plenty of natural light and built in wardrobes, main bathroom with shower over bathtub and also featuring an internal laundry.

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 418/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$214,000
28 Dec 2021
  • 02 Sep 2025
    Listed for Rent $435
  • 28 Dec 2021
    Sold - Price Undisclosed
  • 13 Oct 2021
    Listed for Sale $225,000
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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 64,229 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 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 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.