503/87 Franklin StreetMelbourne VIC 3000
Property Details for 503/87 Franklin St, Melbourne
503/87 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 80m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Last Listing description (May 2019)
Spread over two levels this New York style 'Franklin Lofts' apartment features a large north-west private terrace and a car parking space on title. The location is fantastic close to Melbourne University, RMIT, QV Market, restaurants, multiple transport options, State Library of Victoria and an Aldi supermarket just across the road.
Ideal to move in and enjoy yourself or a prime investment opportunity in this high demand building. The accommodation includes a spacious open plan living - dining area with polished timber floors and glass sliding doors to a large terrace ideal for extended relaxed entertaining and barbecues. The kitchen includes stainless steel appliances, gas cooking, dishwasher, rangehood and ample cupboard - bench space. There is also under the stairs storage and split system heating and cooling. The upper level includes two bedrooms both with built in robes, a separate study area, split system heating and cooling plus central bathroom that includes laundry facilities.
Additional features a car parking space, security intercom entry, an impressive building foyer, lift access and resident facilities including swimming pool, gym and sauna.
Property History for 503/87 Franklin St, Melbourne, VIC 3000
- 10 Apr 2019Sold for $570,000
- 19 Mar 2019Listed for Sale $570,000
- 13 Dec 2017Listed for Rent $560 / week
Recent sales nearby
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0About 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.
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