615/118 Franklin Street, Melbourne, Vic 3000

$245,000-$260,000

Apartment
Type
1
Bedrooms
1
Bathrooms

Published on Tuesday, March 17, 2026 ( See property details for 615/118 Franklin Street, Melbourne, Vic 3000)

$245,000-$260,000

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

A modern, low-maintenance one-bedroom apartment in Melbourne's CBD offering stunning city views and excellent investment potential.

🏡 Property Highlights

  • Prime CBD location with easy access to Queen Victoria Market and Melbourne Central
  • Impressive city skyline views from private balcony
  • Well-appointed kitchen with ample storage and new electric cooktop
  • Light-filled open plan living and dining area with split system heating and cooling
  • Clever pocket doors for flexible bedroom access
  • Strong rental demand with high yield potential

✨ Key Features

  • Balcony
  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Internal Laundry
  • Fly Screens
  • NBN / High-Speed Ready
  • Low-Maintenance Yard
  • Secure Parking

Melbourne's CBD offers vibrant city living with excellent amenities, diverse dining options, and efficient public transport. The area is undergoing streetscape upgrades, enhancing walkability and green spaces. Proximity to universities and cultural attractions makes it ideal for students and professionals. The neighbourhood boasts strong rental demand, making it a prime location for investors. Enjoy a dynamic urban lifestyle with easy access to shopping, entertainment, and employment hubs.

What are the ongoing body corporate fees and what do they include?
The property has low body corporate fees, which typically cover building maintenance, insurance, and common area management. Specific details can be obtained from the current strata report.
Is the apartment suitable for short-term rentals or Airbnb?
Given its central location and high rental demand, the apartment is well-suited for short-term rentals, subject to local council regulations and strata by-laws.
What are the parking arrangements for residents and visitors?
The property includes secure parking, providing convenience and peace of mind for residents and visitors.
Are there any upcoming developments or infrastructure projects in the area?
The neighbourhood is set to benefit from a City of Melbourne streetscape upgrade, including wider footpaths, new trees, and improved cycling lanes, enhancing the area's appeal.
What is the condition of the building and recent renovations?
The apartment features modern updates such as a new electric cooktop and well-maintained interiors, indicating good condition and recent upgrades.
Are there any planned or upcoming construction projects nearby that could cause noise or disruption? What are the total annual costs including strata fees, council rates, and utilities? Has the property been affected by any flooding or bushfire risks in the past? Are there any restrictions or easements affecting the property? Is the property compliant with all building and safety regulations, including recent upgrades? Are there any special conditions or covenants attached to the property? What is the history of the property's rental performance and vacancy rates? Are there any planned changes to Franklin Street or surrounding infrastructure that could impact the property? Is the property suitable for future expansion or renovation if desired? Are there any issues with shared facilities or communal areas within the complex?

615/118 Franklin Street, Melbourne, Vic 3000 - More Details

$245,000-$260,000

Type
Apartment
Bedrooms
1
Bathrooms
1

Price guide

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