320/118 Franklin Street, Melbourne, Vic 3000

Apartment
Type
1
Bedrooms
1
Bathrooms

Published on Wednesday, August 19, 2026 ( See property details for 320/118 Franklin Street, Melbourne, Vic 3000)

$270,000 - $290,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, fully furnished one-bedroom apartment in Melbourne's CBD, offering convenience, style, and excellent investment potential.

🏡 Property Highlights

  • Prime CBD location close to Queen Victoria Market and top universities
  • Fully furnished with modern appliances and stylish decor
  • Air-conditioned open-plan living with undercover balcony
  • Low owners corporation fees within the Stargate Apartments complex
  • Ideal for investors with potential weekly return of $440-$480
  • Secure building with intercom access and lift facilities

✨ Key Features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Security Screens / Gates
  • Split System Heating and Cooling
  • Intercom Security
  • Lift Access
  • Fully Fenced
  • Pet-Friendly

Melbourne's CBD offers unparalleled convenience with its vibrant lifestyle, excellent public transport, proximity to iconic markets and parks, diverse dining options, and a thriving cultural scene. This central locale is perfect for professionals, students, and investors seeking a dynamic urban environment.

What are the ongoing costs associated with this apartment?
The quarterly owners corporation fees are approximately $407, with council rates around $167 and water rates approximately $180 per quarter.
Is the apartment suitable for short-term or long-term tenants?
The apartment's fully furnished setup and central location make it ideal for both short-term and long-term tenants, including students, professionals, and investors.
What amenities are available within the complex?
The Stargate Apartments complex offers lift access, intercom security, and low owners corporation fees, providing a secure and convenient living environment.
Are pets allowed in this apartment?
Yes, the property is pet-friendly, subject to owners corporation approval.
What is the condition of the bathroom and kitchen?
The bathroom has been smartly renovated with a rainfall shower over a bathtub, and the kitchen features modern appliances including an electric cooktop and microwave.
Are there any upcoming planned renovations or special levies for the owners corporation? Is there any history of flooding or bushfire risk in this area? Are there any restrictions or easements affecting the property? What are the long-term plans for the Stargate Apartments complex? Are there any noise or construction activities planned nearby that could affect living conditions?

320/118 Franklin Street, Melbourne, Vic 3000 - More Details

$270,000 - $290,000

Investors Please Note:
The property could return in the vicinity of $440 to $480 per week.

An affordable blend of streamlined style, space and simplicity, this fully furnished 1-bedroom apartment is perfectly located in a well-connected pocket of the CBD. First home owners, professionals, students, and astute investors will all be instantly rewarded by the central locale. Take an easy stroll to iconic Queen Victoria Market, Aldi shopping, a choice of top-ranking universities, Flagstaff Gardens, the State Library Railway Station, and the free tram zone.

A free-flowing floorplan offers roomy and air-conditioned living, complemented by a chef-ready kitchen showcasing an electric cooktop, microwave, and ample storage space. Running the full width of the apartment on the third floor, step outside to an undercover balcony, ideal for a morning coffee or an evening catch-up. The generously sized bedroom comes with mirrored built-in robes, while a smartly renovated bathroom boasts a stylish mirror and a fully tiled rainfall shower area over a bathtub.

Hit the ground running with the addition of a queen-sized bed, 2-seater couch, desk and chair, a flat-screen LG television, a full-sized fridge/freezer, and so much more. Special features include the year-round comfort of split-system heating and cooling, roller blinds, plantation shutters, designer lighting, intercom security, lift access, and low owners’ corporation fees as a part of the Stargate Apartments complex. Make plans to inspect today!

Outgoings:
Council Rates: $167.00 per quarter approx.
Water Rates: $180.00 per quarter approx.
Owners Corporation Fees: $407.00 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.
Type
Apartment
Bedrooms
1
Bathrooms
1
House Size
32 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 22 Aug 1:50 pm

    Saturday 22 August
    1:50 pm - 2:10 pm
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