Back 727/118 Franklin Street
Off Market

727/118 Franklin Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $243,300

Overview

Prime CBD Living or High-Yield Investment Opportunity

The Phone Code for this property is: 93969. Please quote this number when phoning or texting. Selling Price: $255,000 to $265,000 Address: 727/118 Franklin Street, Melbourne, VIC 3000 Specs: 1 Bedroom | 1 Bathroom | Private Balcony Property is currently vacant Lease is estimated between 500 to 550 per week for a furnished apartment and generating approximatly about 10 percent gross yield Unbeatable Location Meets Low-Maintenance Luxury Positioned in the bustling heart of Melbourne's vibrant CBD, this modern one-bedroom apartment delivers the ultimate urban lifestyle for owner-occupiers or a high-performing asset for savvy investors. Situated within the sought-after "Nova Stargate" complex, the residence pairs effortless city convenience with bright, functional design. Property Features Light-Filled Living: Open-plan living and dining area featuring split-system heating and cooling, opening directly onto a private balcony with elevated westerly views. Sleek Kitchen: Streamlined, modern kitchen layout equipped with quality gas appliances, oven, dishwasher, and ample cabinetry storage. Spacious Bedroom: Comfortably proportioned master bedroom complete with generous built-in wardrobes. Central Bathroom & Laundry: Stylish tiled bathroom featuring a mirror vanity, large shower, and discrete European laundry space. Secure Building Access: Secure fob entry, intercom access, CCTV security, and lift services. Prime Location & Connected Lifestyle Nestled within Melbourne's Free Tram Zone, every city amenity is right at your doorstep: Key Landmark Distance / Access Queen Victoria Market 150m (2-minute walk) RMIT University 400m (5-minute walk) Melbourne Central Station & Shops 400m Flagstaff Gardens 500m University of Melbourne 850m Whether you are looking to secure a low-maintenance city pad, a student home, or a steady rental return in a high-demand location, 727/118 Franklin Street offers an exceptional opportunity. Contact us today to arrange an inspection! Limited Units Available. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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 727/118 Franklin Street is $355k.

Median value
$355k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
4%
increase 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 727/118 Franklin Street

2026
Sold
$243,300
Private Sale/Treaty on 16 Sep 2026
2023
Sold
$205,000
Private Sale/Treaty on 08 Nov 2023 by Troy Constantine, of Precinct Real Estate
2023
Rented
Undisclosed
Leased on 29 Aug 2023 by Precinct Real Estate

Happy sellers in Melbourne

81%
81% 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 121 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 578 one-bedroom apartments similar to 727/118 Franklin Street, have been sold.

This represents a 21% increase in one-bedroom apartments sales when compared to the previous 12 months.

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