2902/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

2902/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 84m2
Land area: 1957m2
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Last updated 5 Jan 2026
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Property Details for 2902/87 Franklin St, Melbourne

2902/87 Franklin St, Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2001. The property has a land size of 1957m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in April 2005.

Building Type
Unit
Year Built
2001
Floor Size
84m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
2902/PS411688

Last Listing description (October 2011)

PRICE REDUCED - Serene Sunsets
This 2 storey penthouse apartment is situated on the 29th floor of the highly sought after Franklin Loft residential complex. The magnificent sunset views and the lights of the city skyline make for a picturesque backdrop from each of the spacious rooms.
Downstairs you will find a beautiful gourmet style kitchen with stainless steel appliances and stone benchtops whilst the open plan dining / living area features high quality polished timber flooring and opens onto the full length balcony. Upstairs are the three bedrooms, the main having a walk-in-robe and contemporary ensuite whilst the other two have built-in robes and share the stylish central bathroom. Full length floor to ceiling windows in each of the bedrooms showcase the wonderful views, beautiful by day - breathtaking by night. Other features include separate laundry, powder room, 2 secure car spaces, reverse cycle airconditioning, swimming pool, gymnasium, sauna and security entrance.

Position is perfect as you are walking distance to RMIT and Melbourne universities, Melbourne's top medical institutions, Melbourne Central, Queen Victoria Markets, fashion boutiques, sumptuous eateries and transport.
IN CONJUNCTION WITH
Julie Wai Leng Karl
Jellis Craig- Glen Iris
juliekarl@jelliscraig.com.au
p: 8849 8088
m: 0417 288 668
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Property History for 2902/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$850,000
07 Apr 2005
  • 08 Jul 2011
    Listed for Sale $970,000 TO $1010000
  • 07 Apr 2005
    Sold for $850,000
  • 22 Jun 2002
    Sold for $730,000
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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 64,277 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 245 properties listed for sale, and 339 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2747 properties were sold in the past 12 months in Melbourne.

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