706/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

706/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 1957m2
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Property Details for 706/87 Franklin St, Melbourne

706/87 Franklin St, Melbourne is a 1 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 57m2. While the property is not currently for sale or for rent, it was last sold in October 2001.

Building Type
Unit
Year Built
2001
Floor Size
57m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
706/PS411688

Last Listing description (October 2024)

706/87 FRANKLIN STREET, MELBOURNE

500 meters to Queen Victoria Market is this wondrous, 1-bedroom loft apartment. On the northern fringe of the CBD and 350 meters to Melbourne Central and trams to access the rest of the city.
It is also surrounded by some of Melbourne's best restaurants and 1km away from Lygon St. Additionally, this would be a perfect location for students as it is located near RMIT and Melbourne University.

Apartment features:

- Unfurnished

- Open-plan living and kitchen area with seating area and balcony access.

- Substantially spacious kitchen with plentiful storage space, stainless steel appliances, and dual sink.

- Commodious living room with abundant room to lounge, and access to the property's unique loft stairway with storage space underneath it.

- Upstairs bedroom

- Large bathroom, large sink, and ample storage space.

Building facilities:

- Secure intercom entry.

- On-site building manager.

- Pool, gym, and sauna.

AVAILABLE NOW

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Property History for 706/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$230,000
13 Oct 2001
Listed for Rent
$400/w
18 Jul 2022
  • 03 Sep 2024
    Listed for Rent $570 / week
  • 04 Mar 2024
    Listed for Rent $570 / week
  • 04 Jul 2022
    Listed for Rent $400 / 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 64,229 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.

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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.