518/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

518/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 30m2
Land area: 1592m2
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Property Details for 518/118 Franklin St, Melbourne

518/118 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 30m2.

Building Type
Unit
Year Built
2001
Floor Size
30m2
Land Size
1592m2
Local Government
Melbourne
Lot/Plan
518/PS425500

Last Listing description (February 2012)

Easy Care living in a Peaceful Position
This Stylish one bedroom apartment blends simplistic living with modern convenience, ideally located only minutes from Victoria Market, shops, transport and Universities.
The light filled interior features bedroom with built in robes, modern bathroom, internal laundry, open plan living/dining area with north facing balcony and compact contemporary kitchen. This wonderful property would make the Perfect first home, city base or investment.

Property History for 518/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 17 Mar 2012
    Listed for Sale Not Disclosed
  • 01 Feb 2012
    Listed for Sale $240,000
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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 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 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.