Back 503/118 Franklin St
Off Market

503/118 Franklin St

Melbourne VIC 3000

1
1
Apartment
Jacky YeJacky Ye, last sold this property on 01 July 2025 after 68 days on market.

Overview

Comfort in a Sought-After Spot

From its sleek design to its modern minimalism, this sun-drenched one-bedroom apartment in the highly desirable Stargate complex offers effortless luxury for first-home buyers and strong potential returns for savvy investors. Set in a vibrant part of the CBD, you're just steps away from Queen Victoria Market, free trams, universities, and the retail and dining hub of Melbourne Central. Modern kitchen with a tiled splashback, and an electric cooktop. The open-plan living and dining area is kept comfortable year-round with air conditioning, while pocket doors offer the flexibility to open up or separate the bedroom space. Step onto the private covered balcony for views of Franklin Street. The light-filled bedroom includes mirrored built-in wardrobes, while the sparkling bathroom features a shower and a concealed laundry. Additional highlights include split-system heating and cooling, secure intercom access, and low body corporate fees.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 503/118 Franklin St is $344.17k.

Median value
$344.17k
Estimated value range
$39k - $935k
Median days on market
37
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 503/118 Franklin St

2025
Sold
Undisclosed
Private Sale/Treaty on 01 Jul 2025 by Jacky Ye, of Loyalventure Property Pty Ltd
2024
Rented
Undisclosed
Leased on 25 Feb 2024 by Precinct Real Estate

Happy sellers in Melbourne

82%
82% 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 1 bedroom apartments in Melbourne

In the last 12 months, 580 one-bedroom apartments similar to 503/118 Franklin St, have been sold.

This represents a 15% increase in one-bedroom apartments sales when compared to the previous 12 months.

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