202/118 Franklin StreetMelbourne VIC 3000
Property Details for 202/118 Franklin St, Melbourne
202/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (September 2024)
BEST OFFER CLOSING TUESDAY 3rd SEPTEMBER AT 1.00PM
Minutes to the Queen Victoria Market and so well positioned for a totally convenient city lifestyle with universities, trams, trains, great shopping, cafes and so much that Melbourne has to offer right at your fingertips. Located on level two of the popular Stargate Apartment Complex and front facing to Franklin Street. The accommodation comprises an open plan living with floor to ceiling windows leading onto a large balcony, split system heating & cooling and a well appointed kitchen area, that includes electric cooking, fridge and ample bench - cupboard space. Both bedrooms have openable windows and built in robes. Additional features include a central bathroom, including the Euro Style laundry, secure building entry and lift access.
An ideal opportunity for the owner occupier to move in and enjoy or the investor seeking an affordable entry into the high demand city rental market.
Property History for 202/118 Franklin St, Melbourne, VIC 3000
- 03 Sep 2024Sold
- 08 Aug 2024Listed for Sale UNDER OFFER
- 11 Oct 2019Listed for Rent $500 / 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 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% 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 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Melbourne has 61,324 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:
- The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
- Houses have a median rent of $600 while Units have a median rent of $645.
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