422/118 Franklin StreetMelbourne VIC 3000
Property Details for 422/118 Franklin St, Melbourne
422/118 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 49m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (August 2012)
Brilliant Investment
Superbly located and returning an amazing $470 per week, this north facing 2 bedroom apartment enjoys a modern contemporary fit out all only moments from Victoria Market, RMIT University and all the shops, cafes and Restaurants that Melbourne is famous for.
Offered as part of the Nova Stargate Hotel scheme until 2016. This property offers the ultimate low maintenance investment reaping strong monthly returns and wonderful capital growth potential.
Property History for 422/118 Franklin St, Melbourne, VIC 3000
- 18 Feb 2022Sold for $325,000
- 13 Jun 2012Listed for Sale 310000
Recent sales nearby
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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 64,284 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.
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