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Back 515/118 Franklin Street
Off Market

515/118 Franklin Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $215,000
Novine ZhangNovine Zhang, last sold this property on 05 December 2025 after 14 days on market.

Overview

Affordable City Living with High Rental Yield Investment Potential!

Experience the Entry Level of Melbourne living in this beautifully presented one-bedroom modern apartment, superbly located in the heart of the Melbourne CBD. Perfect for investors, city professionals, downsizers or students, this property offers unbeatable convenience and excellent value. Just a 4-minute walk to Queen Victoria Market and Flagstaff Gardens, with RMIT, The University of Melbourne, Melbourne Central, public transport, shopping, and countless dining options all moments from your doorstep. When it comes to lifestyle and accessibility, this location is simply unmatched. Apartment Features Brand New Floorboards Enjoy a fresh, modern look with low-maintenance upgraded flooring throughout the living area. Functional, Well-Designed Kitchen A compact yet practical kitchen featuring a sink, 2-burner cooktop, and generous cabinetry with drawers and overhead storage-perfect for everyday cooking and convenience. Bright Open Living / Dining + Study Space The light-filled living area offers flexibility, comfortably accommodating both lounge and study zones. Private Bedroom with Sliding Door A spacious, naturally lit bedroom complete with a full-height oversized mirrored wardrobe. Large bathroom with over sized vanity space and shower over bathtub Year-Round Comfort Split-system air conditioning ensures comfortable living in any season. Internal Laundry & Additional Storage A rare bonus in CBD apartments-an internal laundry room plus extra storage for hassle-free living. Secure Intercom Access Private Balcony with City Outlook Enjoy a quiet outdoor space with a peek of the city skyline. Why This Property Stands Out Premium CBD address with unbeatable walkability Highly affordable entry point into Melbourne's property market Strong rental yield-excellent investment opportunity Ideal for young professionals, students, and downsizers Smart, efficient layout that maximises space and comfort It won't last long, contact Novine on 0452 368 806 / Samantha on 0405621653 today and secure this outstanding CBD opportunity. Investate International Your Local Real Estate Experts

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 515/118 Franklin Street is $344.58k.

Median value
$344.58k
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 515/118 Franklin Street

2025
Sold
$215,000
Private Sale/Treaty on 05 Dec 2025 by Novine Zhang, of Investate International - Melbourne
2023
Rented
Undisclosed
Leased on 08 Oct 2023 by Investate International - Melbourne
2023
Rented
Undisclosed
Leased on 24 Jan 2023 by Investate International - Melbourne

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 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 581 one-bedroom apartments similar to 515/118 Franklin Street, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 12 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (113 reviews)
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 11 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (56 reviews)
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  •  11 Sales in Melbourne
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