2101/87 Franklin Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$630,000 - $690,000

2101/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
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Securely Leased Until November 2027 – Spacious Loft-Style CBD Investment

Currently securely leased until November 2027, this spacious two-level apartment presents an excellent opportunity for investors seeking immediate rental income in a prime Melbourne CBD location.
Positioned within the popular Franklin Lofts, this loft-style residence combines generous proportions with abundant natural light and a practical floorplan. Featuring quality timber flooring, marble surfaces and large windows, the apartment enjoys pleasant views across the city, including towards the iconic Queen Victoria Market, the Royal Exhibition Buildingand Carlton Gardens.
The lower level features a spacious open-plan living and dining area flowing onto a private balcony, while the kitchen is equipped with a breakfast bar and stainless steel Smeg appliances. Upstairs, the generously sized main bedroom offers built-in robes, complemented by a second bedroom with built-in robes and a central bathroom.
Property Features:
●Secure lease in place until November 2027
●Spacious loft-style layout across two levels
●Light-filled open-plan living and dining area
●Kitchen with breakfast bar and stainless steel Smeg appliances
●Private balcony with city views
●Main bedroom with built-in robes
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Property Details for 2101/87 Franklin St, Melbourne

2101/87 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 90m2. The place is currently for sale with U PLUS REAL ESTATE BOX HILL.

Building Type
Apartment
Floor Size
90m2
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% 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 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,505 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
  • Houses have a median rent of $710 while Units have a median rent of $680.
There are currently 307 properties listed for sale, and 214 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2499 properties were sold in the past 12 months in Melbourne.

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Eric Mei
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Richard Zhang
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U PLUS REAL ESTATE BOX HILL
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