911/87 Franklin Street, Melbourne VIC 3000

Loft layout | ninth floor | CBD edge | walk to market The double-storey loft configuration is the primary competitive advantage here, offering spatial separation rarely found in Melbourne CBD apartments. The 88-square-metre floorplan with timber floors and private balcony reads more like a small terrace than a high-rise unit, which positions it strongly for owner-occupiers seeking genuine inner-city living rather than investor-grade boxes. The building’s gym, pool, and sauna add lifestyle utility without strata fee blowouts typical of full-service towers. This property best suits a professional couple or single buyer who values light, volume, and walkability to Queen Victoria Market and RMIT over a larger footprint in the suburbs. The flood overlay is a material risk that may affect insurance premiums and future resale liquidity, particularly for lenders with tighter risk appetites. The 2017 purchase price of $535,000 provides a clear floor, but the current $560,000–$570,000 range leaves limited short-term capital growth margin in a flat CBD market. Rental demand at $735 per week is solid, offering a viable hold strategy if buying below $560,000. The absence of heritage or bushfire overlay simplifies due diligence. Hold for lifestyle or rent for yield, but do not expect rapid appreciation.