420/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

420/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1592m2
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Last updated 29 Dec 2025
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Property Details for 420/118 Franklin St, Melbourne

420/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

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

Last Listing description (March 2023)

Enter this exceptionally bright and spacious 1 bedroom, 1 bathroom apartment in a prime location, close to all that Melbourne has to offer.

As you open your front door, your modern and spacious kitchen is located to your right with ample storage and stainless steel appliances, while your bright and separate bathroom is located to your left filled with light, shower over bath and internal laundry facilities.

Making your way further into this property, your light filled living and dining area flows from your kitchen, creating the perfect space to relax and entertain, while you allow the outside in, sliding open your glass doors to your own, private balcony.

Your spacious bedroom is carpeted and complete with built in robes.

Complete with split system heating and cooling, located in a secure building with extremely low owners corporation fees and moments from RMIT, Lygon Street, QV Market, Emporium Shopping, State Library of Victoria, Bourke Street Mall, University of Melbourne, public transport, cafes, restaurants and all of the best Melbourne has to offer, this property is ideally located with exceptional offerings.

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Property History for 420/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$210,000
20 Mar 2023
Listed for Rent
$280/w
27 Apr 2022
  • 20 Mar 2023
    Sold for $210,000
  • 23 Feb 2023
    Listed for Sale $195,000 - $210,000
  • 27 Apr 2022
    Listed for Rent $280 / 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 64,250 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 250 properties listed for sale, and 256 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2736 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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