FOR SALE
$450,000

506/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
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Two Storey with Huge Balcony

Discover urban living at its finest in this spacious loft-style apartment, perfectly situated in the vibrant heart of Melbourne. Located in the sought-after Franklin Lofts Apartments, this residence offers unparalleled convenience, just moments from RMIT, Queen Victoria Market, and Melbourne Central Station.
Key Features:
• Expansive open-plan lounge and kitchen with sleek European-style appliances
• Cozy bedroom area with built-in robes
• Modern tiled bathroom and upstairs laundry
• Large private balcony, perfect for relaxation
• Ample storage space, including under-stair storage
• Access to on-site amenities: lap pool, gym, and sauna
• Professional on-site building management for your peace of mind
Don't miss out-contact us today to arrange a private inspection.
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Property Details for 506/87 Franklin St, Melbourne

506/87 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 78m2. The place is currently for sale with Melcorp Property.

Building Type
Apartment
Floor Size
78m2

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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 60,844 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 351 properties listed for sale, and 299 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2141 properties were sold in the past 12 months in Melbourne.

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Jarryd Hatfield
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