2301/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

2301/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 1957m2
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Property Details for 2301/87 Franklin St, Melbourne

2301/87 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 90m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
Unit
Year Built
2001
Floor Size
90m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
2301/PS411688

Last Listing description (July 2025)

. Recently renovated all throughout
. Very large, internal area approx. 90sqm
. Oversized bedrooms approx. 4x3m

. Bedrooms with plenty of natural light
. Open-plan living and dining area
. Under stairs storage room
. Large kitchen with ample cupboard space
. Bosch appliances gas cooktop, dishwasher, oven
. Reverse cycle air-conditioning
. Secured-entry, intercom access

Available for lease is a furnished two bedroom apartment in the highly sought after Franklin Lofts building. This corner unit apartment split across two levels, boasts North Eastern views has been recently renovated throughout with an updated kitchen, bathroom, floorboards and refreshed paint throughout.

The modern kitchen offers a large island Caesar stone bench top, ample storage space with soft closing, stainless steel Bosch appliances including a 4-burner gas cooktop, oven and dishwasher. A spacious open plan living and dining area surrounded by almost floor to ceiling windows showers the apartment with natural light. A lengthy balcony boasts views of the Melbournes inner north and views of Carlton Gardens in the distance.
On the upper level level, The bedrooms are some of the largest compared to most apartments in the neighbourhood, featuring built in wardrobes and natural light. There is a full-sized Euro laundry equipped with a washer and dryer, as well as a modern and updated bathroom.

Gas cooking and hot water usage is included, which is approximately a $100-150 saving per month for the average household. Other utilities such as electricity, water usage still applies.

The building is centrally located in the increasing popular end of the CBD, near the corner of Swanston and Franklin Streets, with lots of shops, cafes on Elizabeth Street, easy access to Universities, trams on Elizabeth and Swanston Street, ALDI supermarket across the street, and so much more.
Residents enjoy access to building facilities including an indoor pool and gym.

Property History for 2301/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$540,000
06 Feb 2016
Listed for Rent
$600/w
14 Apr 2022
  • 07 Jul 2025
    Listed for Rent $770 / week
  • 11 Apr 2022
    Listed for Rent - Price not available
  • 29 Apr 2017
    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 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
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.