515/338 Gore Street, Fitzroy VIC 3065

City-view one-bedroom | The Lyric redevelopment | secure car space included | Fitzroy heritage precinct The property occupies a strong position within a sought-again Fitzroy redevelopment, offering a rare combination of city skyline outlooks, a secure basement car space, and access to premium communal amenities including a private theatre and landscaped gardens. For a buyer seeking an inner-urban foothold with genuine lifestyle depth, this unit’s configuration—expansive open-plan living, covered balcony, and integrated kitchen—punches above its size. The heritage overlay adds a layer of scarcity and character to the building, while the location steps from Smith Street trams, dining, and parks serves professionals or downsizers who prioritise walkability and cultural density over space. The primary risk is the price guidance sitting above the estimated value of $536,000, which may require negotiation to align with market evidence. The 2015 sales history for a comparable unit in the same building is not available, creating a gap in direct comparable data. However, the rental estimate of $625 per week provides a clear floor for investment logic, and the building’s redevelopment pedigree and communal facilities are likely to support long-term demand. The absence of bushfire or flood overlays is a neutral positive, and the NBN Fibre to the Premises and 5G coverage are practical supporting features for remote work.