709/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

709/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1592m2
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Last updated 22 Dec 2025
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Property Details for 709/118 Franklin St, Melbourne

709/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 2001. The property has a land size of 1592m2.

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

Last Listing description (February 2025)

***TO BOOK A TIME TO INSPECT, SIMPLY CLICK ON BOOK AN INSPECTION TIME OR EMAIL AGENT TO BE NOTIFIED OF INSPECTION TIMES. BY REGISTERING, YOU WILL BE INSTANTLY INFORMED OF ANY UPDATES, CHANGES OR CANCELLATIONS FOR YOUR APPOINTMENT. IF YOU DO NOT REGISTER FOR AN INSPECTION, ACCESS MAY NOT BE PROVIDED***

This light-filled apartment is situated in the Nova Stargate complex, just moments from the Queen Victoria Market, Flagstaff Gardens, RMIT University, University of Melbourne, and Melbourne Central Station, offering unbeatable convenience!

-Fully furnished apartment with a generous bedroom and living area

-Built-in robes for ample storage
-Kitchenette with appliances
-Well-appointed bathroom
-Balcony with city views
-Reverse cycle cooling for year-round comfort
-Secure intercom entry for added safety
-Communal laundry for convenience
-Located in the free tram zone, with easy access across the CBD

An ideal residence for a busy executive or student, this apartment combines comfort and prime location in the heart of Melbourne!

*** For guaranteed access, please arrive at the allotted inspection start time ***
APPLYING - Apply online via 2Apply. The application will be emailed to you after you have inspected the property.
LEASE TERMS - 12 MONTHS unless otherwise specified.
PARKING PERMITS - Whilst parking permits are available for most properties, please confirm with the local council before applying for the property.
PHOTO ID MUST BE PROVIDED UPON ENTRY AT THE PROPERTY
BIGGIN SCOTT RICHMOND - NO 1 FOR PROPERTY MANAGEMENT***

Property History for 709/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$460/w
04 Feb 2025
  • 06 Jan 2025
    Listed for Rent $460 / week
  • 08 Jan 2024
    Listed for Rent $375 / 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 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.