727/118 Franklin StreetMelbourne VIC 3000
Property Details for 727/118 Franklin St, Melbourne
727/118 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2 and floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (September 2026)
The Phone Code for this property is: 93969. Please quote this number when phoning or texting.
Selling Price: $255,000 to $265,000
Address: 727/118 Franklin Street, Melbourne, VIC 3000
Specs: 1 Bedroom | 1 Bathroom | Private Balcony
Property is currently vacant
Lease is estimated between 500 to 550 per week for a furnished apartment and generating approximatly about 10 percent gross yield
Unbeatable Location Meets Low-Maintenance Luxury
Positioned in the bustling heart of Melbourne's vibrant CBD, this modern one-bedroom apartment delivers the ultimate urban lifestyle for owner-occupiers or a high-performing asset for savvy investors. Situated within the sought-after "Nova Stargate" complex, the residence pairs effortless city convenience with bright, functional design.
Property Features
Light-Filled Living: Open-plan living and dining area featuring split-system heating and cooling, opening directly onto a private balcony with elevated westerly views.
Sleek Kitchen: Streamlined, modern kitchen layout equipped with quality gas appliances, oven, dishwasher, and ample cabinetry storage.
Spacious Bedroom: Comfortably proportioned master bedroom complete with generous built-in wardrobes.
Central Bathroom & Laundry: Stylish tiled bathroom featuring a mirror vanity, large shower, and discrete European laundry space.
Secure Building Access: Secure fob entry, intercom access, CCTV security, and lift services.
Prime Location & Connected Lifestyle
Nestled within Melbourne's Free Tram Zone, every city amenity is right at your doorstep:
Key Landmark Distance / Access
Queen Victoria Market 150m (2-minute walk)
RMIT University 400m (5-minute walk)
Melbourne Central Station & Shops 400m
Flagstaff Gardens 500m
University of Melbourne 850m
Whether you are looking to secure a low-maintenance city pad, a student home, or a steady rental return in a high-demand location, 727/118 Franklin Street offers an exceptional opportunity.
Contact us today to arrange an inspection! Limited Units Available.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 727/118 Franklin St, Melbourne, VIC 3000
- 16 Sep 2026Sold for $243,300
- 28 Aug 2026Listed for Sale $255,000 - $265,000
- 08 Nov 2023Sold for $205,000
Recent sales nearby
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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 64,789 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.
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