Back 325/118 Franklin Street
Off Market

325/118 Franklin Street

Melbourne VIC 3000

2
1
Apartment
Last sold for $370,000
Martin MashniMartin Mashni, last sold this property on 26 August 2015 after 123 days on market.

Overview

Ideal city investment with a staggering return over 6%

Positioned in the appealing north end of the bustling CBD close to the University of Melbourne and RMIT University, this fully-furnished two bedroom apartment on the 3rd floor of the Nova Stargate complex is primed for both investors and owner-occupiers alike! Currently leased for an outstanding $470 per week, translating to a handsome 6% return, this tasteful apartment is undoubtedly highlighted by the enormous north-west facing entertainer's terrace, which is sure to be a hive of activity in the summer months with friends as you enjoy relaxed BBQs or drinks before a night on the town. Other appealing features of this retreat include a light-filled lounge and dining zone with split-system heating and cooling, open kitchen with quality Blanco stainless steel appliances, bedrooms with built-in robes, neat main bathroom, European laundry facilities, storage room, secure intercom entry, serviced reception area, and access to the building's gymnasium and sauna. CBD locations don't get much better than this, with this pad just moments to the Queen Victoria Market, Flagstaff Gardens, Melbourne's GPO, QV Shopping, Bourke Street Mall, Melbourne Central shopping and trains, and city trams. Owners corp is only approx $2000 pa ! Car parks are available to rent or buy in the building for extra cost. Inspections via appointment during the week or attend the open for inspections.

Features

2 bedrooms
1 bathroom
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 325/118 Franklin Street is $545.06k.

Median value
$545.06k
Estimated value range
$230k - $2.95m
Median days on market
47
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 325/118 Franklin Street

2023
Rented
Undisclosed
Leased on 24 May 2023 by Galldon Real Estate
2015
Sold
$370,000
Sold After Auction on 26 Aug 2015 by Martin Mashni, of Dingle Partners

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 131 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 809 two-bedroom apartments similar to 325/118 Franklin Street, have been sold.

This represents a 7% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent