827/118 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

827/118 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 827/118 Franklin St, Melbourne

827/118 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.

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

Last Listing description (October 2017)

CENTRAL CITY BASE OR INVESTMENT WITH CARPARK: YOUR CHOICE!
Centrally located within minutes of Melbourne's thriving University precinct, the Queen Victoria Market and within the free tram zone, this well presented and fully furnished apartment in the popular Nova Stargate building is perfect for the discerning purchaser and is a great addition to any portfolio.
Invest or occupy: currently vacant for potential city base dweller with options to lease month by month with hotel operator at approx $1477pcm.

Living Room: This easy care abode is highlighted by a relaxed central living zone, which is adjoined by a modern kitchen boasting stainless steel Blanco appliances, refrigerator and microwave capped off with a sleek tiled splashback.
Balcony: A sizeable and practical balcony brings in that melbourne breeze. The slider compliments the living area by creating a seamless indoor - outdoor flow.
Bedroom: Carpeted throughout the bedroom with sliding doors also features floor to ceiling mirror built in robes.
Bathroom: The bathroom boasts a shower over bath combo with white porcelain finishes and tiling throughout.
Location: Nova Stargate is located in the heart of the CBD. You are a stones throw from the iconic Victoria Market and within mere minutes walk to Bourke Street mall. There are many things to see and do when you stay at Nova!
Inspection is sure to impress.
View Of The Property: COPY LINK INTO YOUR BROWSER TO BOOK A INSPECTION-
https:/?/?www.purplebricks.com.au/?bookViewing?propertyId=2563

General Information: COPY LINK TO BROWSERT FOR FULL CONTRACT AND OUTGOING INFORMATION -
https:/?/?www.purplebricks.com.au/?brochure/?2563

Property History for 827/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$345/w
21 Dec 2013
  • 10 Mar 2017
    Listed for Sale Under Offer
  • 11 Sep 2013
    Listed for Rent $345 / 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 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.