Back 326/118 Franklin Street
Off Market

326/118 Franklin Street

Melbourne VIC 3000

2
1
Apartment

Overview

Nova Stargate over 7% net

Fully furnished 2 bedroom apartment securely leased to Nova Stargate at approx $19300.00 pa till 2011 with further 2x5 year options, returning in excess of 7% net pa. Features 2 good size bedroom, beautifully equipped kitchen, laundry facilities, cooling and heating, modern bathroom and a huge balcony. Superbly located and surrounded by restaurants, cafes, universities and shopping districts, makes it one of the most popular serviced apartments in Melbourne CBD. With secured income now and great potential for capital growth in the future, you would be a proud investor. * Apartment recently re-painted and carpet replaced.

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 326/118 Franklin Street is $545.26k.

Median value
$545.26k
Estimated value range
$230k - $2.95m
Median days on market
48
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 326/118 Franklin Street

2025
Rented
Undisclosed
Leased on 18 Jun 2025 by Re-define Real Estate
2009
Sold
Undisclosed
Private Sale/Treaty on 11 May 2009

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 817 two-bedroom apartments similar to 326/118 Franklin Street, have been sold.

This represents a 10% increase in two-bedroom apartments sales when compared to the previous 12 months.

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