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402/118 Franklin Street, Melbourne$290,000

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402/118 Franklin Street

Melbourne, VIC 3000, Australia

$280,000 – $300,000

1 bath5 ha

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About this property

Discover contemporary urban living in this charming studio apartment, perfectly positioned on sought-after Franklin Street. Ideal for first-home buyers, busy professionals, or savvy investors chasing strong returns. Step outside and enjoy everything the city has to offer! Cafes, restaurants, Queen Victoria Market, and Melbourne Central are just moments away. With seamless access to trams and trains, plus Melbourne's iconic laneway culture and vibrant arts scene, this location delivers unbeatable convenience and lifestyle. Investment Highlights Strong rental return potential of up to 7.5% High-demand location for city renters and students Low-maintenance, high-yield investment opportunity Whether you're looking for your first home or a smart addition to your investment portfolio, this inner-city gem ticks all the boxes. Contact us today to arrange an inspection or receive further information.

Property Details

Property Type: studio
Listing Type: For Sale
Bathrooms: 1
Land Area: 5 ha
Listed: 3 months ago

Repayment calculator

$1,406/month

$703 /fortnight

Loan $232,000 at 6.10% over 30 years

Upfront costs

Deposit$58,000

Stamp duty$12,470

Conveyancing (est.)$2,000

Total upfront$72,470

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This studio in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 38% below the $465,000 median of 74 comparable studioswithin 5 km.

Schools near Melbourne

Eltham College - Lonsdale Street Campuscombined
Melbourne Grammar Schoolcombined · Prep-12 · CoEd
Melbourne Grammar School - Wadhurst Campuscombined
Victorian College For The Deafcombined · U · CoEd
Wesley Collegecombined · Prep-12 · CoEd
Holmes Grammar Schoolsecondary · 11-12

What's nearby

Stop 7: Queen Victoria Market (tram) — 168 m away
Jaycar — 35 m away
Unnamed — 26 m away
Unnamed — 105 m away
Flagstaff Gardens — 468 m away

Melbourne at a glance

Full suburb profile

Population: 54,941
Median age: 29
Household income: $1,448/wk
Median rent: $381/wk
Median mortgage: $1,800/mo

Source: ABS Census.

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