7/118 Franklin Street, Melbourne, VIC 3000 sold on 30 June 2026 | OnTheHouse
SOLD
Sold on 30 Jun 2026 for $245,000

7/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1592m2
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Property Details for 7/118 Franklin St, Melbourne

7/118 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. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

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

Last Listing description (June 2015)

Situated in the heart of the Melbourne CBD with the Victoria Market, Melbourne Central and RMIT seconds away this is the perfect location for professionals and students alike.
Rental $350pw/$1517pcm
Separate Carpark available for $51per week/$221per month

This affordable Apartment is fully furnished includes cooking facilities such as 2 burner cooktop, microwave, fridge/freezer and plenty of storage space and laundry cupboard with access to washer and dryer. Separate Living/dining area with balcony overlooking the VIC market. Separate bedroom with double bed and spacious built in cupboards.
The apartment inculdes the following:
* Split heating and cooling
* Balcony
* Washer & Dryer
* Dining table & Chairs
* Double bed
* Side tables
* Desk
* Tv with Tv stand
* 2 -seater couch
Utilities are not included in the rental.
6-12 Month leases available subject to landlord approval.

Inspection is a MUST times as listed!
***PLEASE CHECK THIS LISTING AGAIN ON THE DAY OF ANY ADVERTISED INSPECTION TO CONFIRM THAT IT IS STILL GOING AHEAD***

Property History for 7/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$245,000
30 Jun 2026
Listed for Rent
$350/w
02 Jun 2015
  • 30 Jun 2026
    Sold for $245,000
  • 15 May 2015
    Listed for Rent - Price not available
  • 28 Feb 2013
    Listed for Rent - Price not available
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,791 properties. Over the last 5 years, Houses in Melbourne have seen a -28.12% decrease in median value, while Units have seen a 0.93% increase. As at 31 August 2026:

  • The median value for Houses in Melbourne is $1,383,053 while the median value for Units is $444,901.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 284 properties listed for sale, and 292 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2406 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.