110/96 Charles Street, Fitzroy VIC 3065

1-bed study apartment | Fitzroy fringe | rare parking + storage | treetop balcony This property occupies a narrow but valuable niche in Fitzroy’s market: a genuine one-bedroom plus study configuration with a dedicated car space and storage cage, which is uncommon in this precinct. The separate study transforms the unit from a standard one-bedder into something a professional or academic couple could use without compromise, while the covered balcony with treetop orientation provides private outdoor space that most comparables lack. It suits buyers who need inner-urban efficiency but refuse the typical trade-off on parking or work-from-home flexibility. The heritage overlay is the primary constraint here, limiting any external alterations and signalling that the building’s envelope is fixed, which reduces future capital uplift from renovation. Strata levies at over $1,150 per quarter are material for a single-bedroom property and will eat into rental yield if the buyer ever lets it out. On the opportunity side, the location within walking distance of three major retail strips and two universities means tenant demand is structurally deep, and the current rent estimate of $570 per week suggests a gross yield near 6% at the lower end of the price guide. Buyers should treat this as a hold-and-use proposition: live in it while the study serves as a home office, then convert to a reliable rental when circumstances change.