801/118 Franklin StreetMelbourne VIC 3000
Property Details for 801/118 Franklin St, Melbourne
801/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1592m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (September 2016)
No matter if you are a First Home Buyer or investor, don t miss this great opportunity to own this very affordable apartment located on the 8th floor of Nova Stargate apartment building. Supremely located within the precinct of University, the Queen Victoria Market, Flagstaff Garden, Melbourne Central and public transport. All dynamic boutiques, cafes and restaurants would vibrate your ultimate urban lifestyle.
Major apartment features include:
Open plan living.
Newly installed timber flooring and fresh painted wall.
Both bedrooms with BIRs
Reverse cycle air conditioning?
Private balcony
Secure intercom system
Sauna & Gymnasium
Contemporary entrance foyer
Onsite building reception service
It is currently the owner occupied and potential rent will be $550 per week, which gives a 7.5% rental return. Please call to inspect and secure this fantastic unit today
Property History for 801/118 Franklin St, Melbourne, VIC 3000
- 12 Aug 2016Sold for $360,000
- 26 Apr 2016Listed for Sale IN EXCESS OF $350,000
- 27 Jun 2010Listed for Sale $380,000
Recent sales nearby
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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.
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