1308/87 Franklin Street, Melbourne, VIC 3000 sold on 26 November 2025 | OnTheHouse
SOLD
Sold on 26 Nov 2025 for $575,000

1308/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 1957m2
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Property Details for 1308/87 Franklin St, Melbourne

1308/87 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1957m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
87m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
1308/PS411688

Last Listing description (February 2026)

Accentuating space, depth and natural light at every turn, this loft-style 2-bedroom, 2-level apartment offers a rare opportunity in the CBD. Positioned to perfection on the 13th floor of the tightly held Franklin Lofts complex, venture downstairs and stroll to top-ranking universities, Aldi shopping, transport choice, dining options, Queen Victoria Market, Flagstaff Gardens, Melbourne Central, and brand-new State Library Railway Station. The convenient address is also zoned to sought-after University High and Carlton Gardens Primary Schools.The dual-level design is underpinned by an open-plan layout on the ground floor with air-conditioned space for light-filled living and dining under soaring ceilings. The chef-ready kitchen showcases a marble-topped breakfast bar, an updated dishwasher, and high-quality Smeg appliances including a 4-burner gas cooktop. Always free-flowing, connect with a private balcony enjoying city skyline views, spectacular by day or night. Sunlit and individually heated bedrooms are staged upstairs, serviced by built-in robes and a large bathroom with a walk-in shower, marble-topped vanity, mirrored cabinetry, and laundry capability with a sink. In addition, there is abundant storage under the stairs, while the first floor features a versatile study zone that could also work as a teen retreat, if required.Comprehensive features include secure undercover parking, split-system heating and cooling, Venetian blinds, and stylish timber floorboards. Franklin Lofts is graced with intercom entry, lift service, a building manager, and resort-inspired access to a pool, sauna, and a fully equipped gym. Inspect with confidence!Outgoings:Council Rates: $382.75 per quarter approx.Water Rates: $184.26 per quarter approx.Owners Corporation Fees: $1,062.98 per quarter approx.Potential Rental Income: $770 per week approx.* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 1308/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$575,000
26 Nov 2025
Listed for Rent
$450/w
21 Mar 2021
  • 26 Nov 2025
    Sold for $575,000
  • 13 Oct 2025
    Listed for Sale Not Disclosed
  • 05 Feb 2021
    Listed for Rent $450 / week
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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 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 64,242 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 248 properties listed for sale, and 178 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2774 properties were sold in the past 12 months in Melbourne.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.