615/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
This sunlit one bedroom apartment in the sought after Stargate complex presents an excellent opportunity for first home buyers and investors seeking low maintenance CBD living with attractive rental returns.Perfectly positioned in a vibrant pocket of Melbourne's CBD, enjoy easy access to Queen Victoria Market, free city trams, Melbourne Central shopping and train station, universities, cafes and restaurants. In addition, the newly opened Metro tunnel State Library station is conveniently located on Franklin Street.Franklin Street is also set to benefit from a City of Melbourne streetscape upgrade, introducing wider footpaths, new tree planting and improved cycling lanes, creating a greener and more pedestrian friendly environment.Inside, the apartment features a well appointed kitchen with ample storage, tiled splashback and a brand new electric cooktop. The light filled open plan living and dining area includes split system heating and cooling and connects to the bedroom through clever pocket doors for added flexibility.Step outside to a private undercover balcony overlooking Franklin Street with impressive city skyline views.The spacious bedroom includes mirrored built in robes and is serviced by a well presented bathroom with shower over bathtub. Additional features include a concealed laundry, generous storage, secure intercom entry and low body corporate fees. With strong rental demand in this central location, the property offers an attractive high yield opportunity for investors.
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 64,246 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
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