5D/1 Bik Lane, Fitzroy North VIC 3068

Converted warehouse townhouse | three-level with rooftop deck | Fitzroy North industrial pocket | steps to Edinburgh Gardens and trams This property offers a rare combination of industrial character and modern liveability in a tightly held inner-north pocket. The three-level configuration with a rooftop entertaining deck and district views is competitively scarce for this price range. Heated polished concrete floors, Smeg kitchen, and hydronic heating signal a premium fit-out that reduces post-purchase upgrade costs. The off-street car space and proximity to trams and Edinburgh Gardens make it particularly suited to professional couples or small families seeking a low-maintenance, design-led home with strong rental potential. The primary risk is the auction price guide sitting below the low valuation estimate, suggesting competition may push the final price toward the mid-to-high range. The third-floor bedrooms without direct access to a full bathroom on that level may deter some buyers. However, the solar PV system and double glazing lower ongoing utility costs, and the rental yield of 3.71% provides a solid floor if holding as an investment. Buyers should factor in potential body corporate fees and the cast iron spiral staircase’s maintenance. This property works best as a long-term owner-occupied home with optional future rental income.