FOR SALE
$390,000 - $420,000

408/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
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Prime City Living at Franklin Lofts

This Spacious Apartment is conveniently located right in the heart of the city. The Franklin Lofts Apartments are one of Melbourne's most popular buildings, being minutes from RMIT, Queen Victoria Market, Supermarkets and Melbourne Central Station. Within walking distance of every conceivable amenity - and with trains and trams readily at hand to take you further afield - this fabulous proposition is ready to love and includes an open plan living/dining and kitchen area which spills outside to a private balcony with views. This property features include spacious lounge and kitchen, a sleek kitchen with European style appliances, Built-in robes to the bedroom area, oversized bathroom and laundry upstairs large balcony on-site building management and facilities such as lap pool, gym, and sauna.
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Property Details for 408/87 Franklin St, Melbourne

408/87 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 51m2. The place is currently for sale with Melcorp Property.

Building Type
Apartment
Floor Size
51m2

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,353 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 300 properties listed for sale, and 262 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2070 properties were sold in the past 12 months in Melbourne.

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Jarryd Hatfield
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Melcorp Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.