1507/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1507/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 1957m2
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Property Details for 1507/87 Franklin St, Melbourne

1507/87 Franklin St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 1957m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Year Built
2001
Floor Size
60m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
1507/PS411688

Last Listing description (May 2022)

One-On-One Private Inspections are available for this property at a time to best suit you and your schedule.

The Dream:
Set in the prestigious "Franklin Lofts" building, with the best of Melbourne CBD on offer right at the doorstep, this luxurious one bedroom apartment offers the pleasures of sophisticated living in the heart of the city.

The Abode:
The stunning interiors feature an elegant open plan and naturally lit living/dining space opening into a private balcony with beautiful views of the city skyline, chef's kitchen offering top class appliances with gas cooking and dishwasher. An enamouring loft style bedroom with built-in robes is serviced by a nice large bathroom with shower and tucked in laundry. Residents have access to lifestyle amenities including a swimming pool and gym.

The Basics:
- Ample storage
- Split system air conditioning
- Floorboards across
- Carpeted Bedroom

The Locale:
Located within minutes from the Queen Victoria Market and R.M.I.T University, Flagstaff Gardens, State Library, Royal Exhibition Building & Carlton Gardens, enjoy Melbourne CBD's many different offerings where there is never a dull moment.

Next Steps:
Call, reach out, email but be quick as this is in high demand. Book an appointment!

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Property History for 1507/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$381,000
27 Apr 2022
Listed for Rent
$485/w
08 Aug 2018
  • 27 Apr 2022
    Sold for $381,000
  • 25 Mar 2022
    Listed for Sale Private Sale $350,000 - $380,000
  • 03 Jul 2018
    Listed for Rent - Price not available
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 properties were sold in the past 12 months in Melbourne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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