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615/118 Franklin Street

Melbourne VIC 3000

1
1
Apartment
Currently for sale - view listing

Overview

Sunlit CBD Apartment with Potential 10%+ p.a. Rental Yield

This sunlit one bedroom apartment in the sought after Stargate complex presents an excellent opportunity for first home buyers and investors seeking low maintenance CBD living with attractive rental returns. Perfectly positioned in a vibrant pocket of Melbourne's CBD, enjoy easy access to Queen Victoria Market, free city trams, Melbourne Central shopping and train station, universities, cafes and restaurants. In addition, the newly opened Metro tunnel State Library station is conveniently located on Franklin Street. Franklin Street is also set to benefit from a City of Melbourne streetscape upgrade, introducing wider footpaths, new tree planting and improved cycling lanes, creating a greener and more pedestrian friendly environment. Inside, the apartment features a well appointed kitchen with ample storage, tiled splashback and a brand new electric cooktop. The light filled open plan living and dining area includes split system heating and cooling and connects to the bedroom through clever pocket doors for added flexibility. Step outside to a private undercover balcony overlooking Franklin Street with impressive city skyline views. The spacious bedroom includes mirrored built in robes and is serviced by a well presented bathroom with shower over bathtub. Additional features include a concealed laundry, generous storage, secure intercom entry and low body corporate fees. With strong rental demand in this central location, the property offers an attractive high yield opportunity for investors.

Features

1 bedroom
1 bathroom
Apartment

Property history for 615/118 Franklin Street

2023
Sold
$230,000
Private Sale/Treaty on 22 Mar 2023 by Jen Lin Lau, of MICM

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, 581 one-bedroom apartments similar to 615/118 Franklin Street, have been sold.

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

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