401/69 Victoria Street, Fitzroy VIC 3065
401/69 Victoria Street, Fitzroy VIC 3065
Modern architect-designed apartment | dual parking and bathrooms | Fitzroy lifestyle location | strong owner-occupier appeal | heritage overlay context
This is a competitively positioned apartment in a boutique-scale building that stands apart from typical inner-north stock. The combination of two secure car spaces, two bathrooms, and contemporary architectural finishes is genuinely uncommon in Fitzroy, where much of the apartment supply is older conversions or compact units without parking. The building’s design credentials, with abundant natural light and open-plan living, make it particularly suited to owner-occupiers—professionals or downsizers—who want the walkability and café culture of Fitzroy without compromising on modern comfort or security. It sits at the upper end of the local apartment market, which reflects its quality and scarcity rather than any speculative premium.
The property’s value may be shaped by its position within the building, including aspect and floor level, which are not immediately evident from the listing. The heritage overlay on the broader site could limit future external changes, but this also protects the character that makes Fitzroy desirable. Buyers should weigh the balance between the convenience of a dense urban setting and the potential for street activity or reduced privacy. The strong rental demand in the area offers a fallback, though the likely purchase price suggests this is more of a lifestyle purchase than a yield-driven investment. The two parking spaces remain a significant differentiator that should hold value over time.
|| Comparable Sales: 402/69 Victoria Street sold $692,000 in 2023; 104/69 Victoria Street sold $525,000 in 2011 | Property Price Band: $900K–$1.0M | Value Drivers: dual parking, two bathrooms, architectural design, building quality, location proximity to amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 401/69 Victoria Street, Fitzroy VIC 3065
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Fitzroy in inner Melbourne remains a lifestyle-led market anchored by CBD proximity, trams, and cultural appeal. Young professionals aged 20-39 dominate, with 77.4% singles and 60.7% renters, while investors target above-average yields. House prices fell sharply to $1.5m–1.6m, down 8.6–13.6% annually, with stock moving in 33–46 days. Units held firmer at $773k–777k, showing growth between -2.2% and +4.0%. Gross yields are 3.1% for houses and 4.4–4.7% for units. Demand is supported by strong transport links, respected schools, and a vibrant rental market, but high entry prices and interest-rate sensitivity pose constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 402/69 Victoria Street sold $692,000 in 2023; 104/69 Victoria Street sold $525,000 in 2011 | Property Price Band: $900K–$1.0M | Value Drivers: dual parking, two bathrooms, architectural design, building quality, location proximity to amenities
Bedrooms
2
Bathroom
2
Parking
2
Land
614m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!