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1301/87 Franklin Street, Melbourne$519,500
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For Saleapartment

1301/87 Franklin Street

Melbourne, VIC 3000, Australia
$499,000 – $540,000
2 bed 1 bath98 m²

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About this property

Optional Car Park Available For Sale in the Neighbouring Building Positioned high on Level 13 of the popular Franklin Lofts complex, this oversized two-bedroom loft-style apartment delivers a rare combination of space, natural light and contemporary city living in the heart of Melbourne CBD. Designed across two spacious levels, the apartment offers a unique house-like feel rarely found in inner-city apartments. The soaring void above the living area creates an impressive sense of openness, while full-height windows flood the home with natural sunlight and showcase sweeping urban views across the city skyline. Downstairs features a generous open-plan living and dining zone with timber flooring throughout, flowing seamlessly onto a wide entertainer's balcony perfect for relaxing, entertaining guests or simply enjoying the vibrant city outlook. The modern kitchen is well-appointed with stone benchtops, stainless steel appliances, gas cooking, dishwasher and excellent storage. Upstairs, both bedrooms are privately positioned away from the living space, each fitted with built-in robes and large windows that capture excellent natural light and elevated views. The central bathroom is spacious and functional, while additional features include split-system heating and cooling, European laundry and secure intercom entry. Residents of Franklin Lofts also enjoy premium building facilities including an indoor swimming pool, gymnasium and sauna. Perfectly located moments from Melbourne Central, Queen Victoria Market, RMIT University, University of Melbourne, State Library, Carlton Gardens, renowned cafes, restaurants and free tram zone access, this exceptional residence offers the ultimate convenience of inner-city living right at your doorstep. A rare opportunity to secure a spacious and stylish loft apartment in one of Melbourne's most vibrant CBD locations. Contact David today to arrange your inspection. Disclaimer: The photos and floor plans provided are for reference purposes only. Buyers should conduct their own due diligence and verify all information before making a purchase decision. All staging is for display purposes only and is not included in the sale.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Land Area
98 m²
Listed
2 months ago

Repayment calculator

$2,519/month
$1,259 /fortnight
Loan $415,600 at 6.10% over 30 years

Upfront costs

Deposit$103,900
Stamp duty$26,240
Conveyancing (est.)$2,000
Total upfront$132,140
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 15% above the $450,000 median of 73 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Stop 7: RMIT University (tram)133 m away
  • Kicks Bottle Shop98 m away
  • Unnamed276 m away
  • Unnamed292 m away
  • University Lawn298 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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