OFF MARKET

419/118 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 41m2
Land area: 40m2
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Last updated 11 Nov 2024
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Property Details for 419/118 Franklin St, Melbourne

419/118 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 40m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
2001
Floor Size
41m2
Land Size
40m2
Local Government
Melbourne
Lot/Plan
419/PS425500

Last Listing description (March 2024)

This property is just steps to heritage Flagstaff Gardens. With a no-nonsense, self-contained layout, the accommodation comprises a living and dining zone, a kitchen generous in proportions with excellent storage and bench space, a balcony allowing for open-air access, two robed bedrooms, and a bathroom with laundry facilities.

Superbly positioned in the heart of the Queen Victoria Market district, a world-famous food and shopping destination with parklands, heritage significance, speciality stores, and delicious providers. The unbeatable location is in the free tram zone, making travelling across the city a breeze, with an Aldi supermarket steps away. A leisurely walk to the CBD to enjoy restaurants, Docklands waterfront, cafes, famed shopping, and laneway culture, whilst the Skybus, Southern Cross, and Flagstaff train stations are minutes away.

Features:

North-facing light-filled bedrooms
Heating and cooling system
City view
Intercom system
Balcony
Two bedrooms with built-in wardrobe.

Special note: furniture can be removed if tenants not consider.

Available from 22/06/2023

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Property History for 419/118 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$350,000
28 Mar 2023
Listed for Rent
$480/w
07 Jun 2023
  • 29 May 2023
    Listed for Rent $480 / week
  • 28 Mar 2023
    Sold for $350,000
  • 25 Mar 2020
    Listed for Sale $375,000
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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 60,844 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 351 properties listed for sale, and 299 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2141 properties were sold in the past 12 months in Melbourne.

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