508/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

508/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 21m2
Land area: 1592m2
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Property Details for 508/118 Franklin St, Melbourne

508/118 Franklin St, Melbourne is a 1 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 21m2. While the property is not currently for sale or for rent, it was last sold in June 2015.

Building Type
Unit
Year Built
2001
Floor Size
21m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
508/PS425500

Last Listing description (June 2024)

*The photos are for advertisement propose only. Furniture subject to inspection.*

Only a short walk to Queens Victoria Market and RMIT University, this furnished studio apartment locates in one of the sought-after locations in Melbourne's CBD.

This apartment features:

- Open plan layout with plenty of natural light

- Furnished with single bed, fridge, cooktop, microwave and study table

- Split system AC

- Sparkling bathroom with shower

- A private balcony

Sitting in Melbourne's CBD, this location is walk-distance to public transport (free tram zone), shops, restaurants, universities and colleagues.

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Please Note:

- Open for Inspection Times and Property Availability are subject to change or cancellation without notice.

- Photos are for advertising purposes only. While we strive to use the most accurate photos possible, they may not reflect the current condition of the property. We strongly recommend attending an inspection to confirm the property's condition. Please make sure you are satisfied with the property's current condition before applying.

Property Code: 981

Property History for 508/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$185,000
27 Jun 2015
Listed for Rent
$390/w
29 May 2024
  • 30 Apr 2024
    Listed for Rent $390 / week
  • 27 Jul 2021
    Listed for Rent $220 / week
  • 07 Jan 2021
    Listed for Rent $200 / 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 64,229 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 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.