503/118 Franklin StreetMelbourne VIC 3000
Property Details for 503/118 Franklin St, Melbourne
503/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (August 2025)
Comfort in a Sought-After Spot
From its sleek design to its modern minimalism, this sun-drenched one-bedroom apartment in the highly desirable Stargate complex offers effortless luxury for first-home buyers and strong potential returns for savvy investors. Set in a vibrant part of the CBD, you're just steps away from Queen Victoria Market, free trams, universities, and the retail and dining hub of Melbourne Central.
Modern kitchen with a tiled splashback, and an electric cooktop. The open-plan living and dining area is kept comfortable year-round with air conditioning, while pocket doors offer the flexibility to open up or separate the bedroom space. Step onto the private covered balcony for views of Franklin Street.
The light-filled bedroom includes mirrored built-in wardrobes, while the sparkling bathroom features a shower and a concealed laundry. Additional highlights include split-system heating and cooling, secure intercom access, and low body corporate fees.
Property History for 503/118 Franklin St, Melbourne, VIC 3000
- 01 Jul 2025Sold - Price Undisclosed
- 24 Apr 2025Listed for Sale $230,000 - $250,000
- 28 Feb 2025Listed for Rent $495 per week furnished
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 64,290 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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