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.
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.
General Information: COPY LINK TO BROWSERT FOR FULL CONTRACT AND OUTGOING INFORMATION -
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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:
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