402/87 Franklin Street, Melbourne VIC 3000

Spacious 87m² two-bed apartment | Large private terrace | Pool and gym on-site | University High School zone | Flood overlay identified This two-bedroom apartment is distinguished by its 87 square metre interior and a substantial private terrace, a floorplan that is markedly larger than most city-fringe units. The inclusion of pool, gym, and Smeg appliances lifts its amenity profile, while the University High School catchment adds a layer of demand from families. It best suits an owner-occupier seeking space, walkability, and low-maintenance living, with strong rental appeal for investors targeting professionals and students. The flood overlay identified for the site may require additional investigation regarding insurance and development constraints, though it does not preclude purchase. The lack of a car space might narrow buyer interest, but this is often offset by central location and public transport proximity. Rental demand appears robust, but buyers should verify recent lease levels with local managers.