515/118 Franklin Street, Melbourne, VIC 3000 sold on 05 December 2025 | OnTheHouse
 
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Sold on 05 Dec 2025 for $215,000

515/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 515/118 Franklin St, Melbourne

515/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment

Last Listing description (December 2025)

Experience the Entry Level of Melbourne living in this beautifully presented one-bedroom modern apartment, superbly located in the heart of the Melbourne CBD. Perfect for investors, city professionals, downsizers or students, this property offers unbeatable convenience and excellent value.

Just a 4-minute walk to Queen Victoria Market and Flagstaff Gardens, with RMIT, The University of Melbourne, Melbourne Central, public transport, shopping, and countless dining options all moments from your doorstep. When it comes to lifestyle and accessibility, this location is simply unmatched.

✨ Apartment Features

• Brand New Floorboards
Enjoy a fresh, modern look with low-maintenance upgraded flooring throughout the living area.
• Functional, Well-Designed Kitchen
A compact yet practical kitchen featuring a sink, 2-burner cooktop, and generous cabinetry with drawers and overhead storage-perfect for everyday cooking and convenience.

• Bright Open Living / Dining + Study Space
The light-filled living area offers flexibility, comfortably accommodating both lounge and study zones.

• Private Bedroom with Sliding Door
A spacious, naturally lit bedroom complete with a full-height oversized mirrored wardrobe.

• Large bathroom with over sized vanity space and shower over bathtub

• Year-Round Comfort
Split-system air conditioning ensures comfortable living in any season.

• Internal Laundry & Additional Storage
A rare bonus in CBD apartments-an internal laundry room plus extra storage for hassle-free living.

• Secure Intercom Access

• Private Balcony with City Outlook
Enjoy a quiet outdoor space with a peek of the city skyline.

🌟 Why This Property Stands Out
Premium CBD address with unbeatable walkability
Highly affordable entry point into Melbourne's property market
Strong rental yield-excellent investment opportunity
Ideal for young professionals, students, and downsizers
Smart, efficient layout that maximises space and comfort
📞 It won't last long, contact Novine on 0452 368 806 / Samantha on 0405621653 today and secure this outstanding CBD opportunity.

Investate International – Your Local Real Estate Experts

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Property History for 515/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$215,000
05 Dec 2025
Listed for Rent
$400/w
28 Feb 2024
  • 04 Dec 2025
    Sold for $215,000
  • 21 Nov 2025
    Listed for Sale $210,000-$230,000 Call Novine on 0452 368 806
  • 09 Oct 2023
    Listed for Rent $400 / 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 64,287 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.
There are currently 247 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2730 properties were sold in the past 12 months in Melbourne.

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Novine Zhang
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Samantha Young
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