2701A/8 Franklin Street, Melbourne VIC 3000
2701A/8 Franklin Street, Melbourne VIC 3000
High-floor corner unit | CBD with parking and balcony | Owner-occupier appeal | 66 m² two-bedroom format
This apartment stands out in the central Melbourne market because it pairs a 27th-floor corner position with a private balcony and city views, features that are uncommon in typical CBD two-bedroom stock. The inclusion of secure parking and a relatively modern 2006 build within the Milano Apartments further strengthens its appeal to owner-occupiers, particularly city professionals or downsizers seeking a convenient, turn-key home. The open-plan layout, timber flooring, and modern kitchen suggest a well-maintained interior that competes well against newer developments, while the estimated rental yield of around 6.5% may also attract investors targeting steady central demand.
The reported flood overlay and Special Building Overlay – Schedule 3 on the lot may affect insurance costs or long-term holding considerations, though no active development constraints were identified. The discrepancy between east-facing and west-east-facing aspect descriptions across listings should be clarified, as it influences natural light and outlook. The compact 66 m² internal area is typical for this building format, but buyers should verify that the living spaces meet their needs, especially if a home office is desired. The asking range and online valuation sit in the mid-$500,000s to low-$600,000s, which appears reasonable given the configuration and location, though no recent comparable sales were confirmed to benchmark this price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2701A/8 Franklin Street, Melbourne VIC 3000
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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