117/380 St Georges Road, Fitzroy North VIC 3068
117/380 St Georges Road, Fitzroy North VIC 3068
2 bed 2 bath 2 car boutique apartment | first floor with wide balcony | modern build circa 2021 | rare parking and storage package in Fitzroy North
This apartment stands out because of its configuration. Two bathrooms, two car spaces, and two storage cages are uncommon in inner-north apartment stock, where older buildings typically offer one bathroom and a single car space. The Georges complex adds shared cinema, lounge, garden, and dog wash facilities, which lifts everyday living beyond standard apartment offerings. The stone kitchen, Bosch appliances, double glazing, and split-system heating and cooling make it a genuinely low-maintenance property for owner-occupiers, particularly professional couples or downsizers wanting walkability without sacrificing parking. Its position near Merri Creek trails, trams, and Merri Station strengthens its appeal for city commuters who also value green space.
The property’s value may be shaped by its first-floor position and the busy St Georges Road setting, which can bring traffic noise despite double glazing. The lack of a disclosed cardinal aspect means light quality depends on the actual orientation, though the listing describes the interior as naturally bright. The second car space and storage cages are likely to command a premium over similar two-bedroom units in the same complex, and the modern building age reduces immediate maintenance concerns. Buyers should weigh the convenience of the corridor location against quieter side-street alternatives, and consider how the shared amenities affect ongoing body corporate costs.
|| Comparable Sales: 311/380 St Georges Rd sold at $709,000 for a 2 bed 1 bath 1 car unit | 401/380 St Georges Rd listed as 2 bed 2 bath 1 car with storage | Property Price Band: $700,000–$800,000 | Value Drivers: second car space, modern build quality, shared amenity package
Detailed Independent Property Report prepared by PropCred Analyst team for 117/380 St Georges Road, Fitzroy North VIC 3068
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Fitzroy North remains an inner-north prestige market, with a median house price of $1,800,000 and a 10.4% quarterly lift. Annual house growth is contested across sources, ranging from 1.6% to 14.1%, while units show a 6.2% quarterly rise but annual growth swings from -7.6% to +6.3%. Demand is led by higher-income 30-39 year olds, reflecting the suburb’s largest demographic cohort. Houses sell in 24-40 days, and rental yields sit at 2.6-2.9% for houses and 4.5-5.0% for units, with weekly rents around $850-875 and $650 respectively. Sales volume is thin at roughly 150 house transactions annually. The elevated median price and mixed annual returns signal affordability constraints, while the positive quarterly momentum suggests continued buyer competition.
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PropCred Estimated Value
Comparable Sales: 311/380 St Georges Rd sold at $709,000 for a 2 bed 1 bath 1 car unit | 401/380 St Georges Rd listed as 2 bed 2 bath 1 car with storage | Property Price Band: $700,000–$800,000 | Value Drivers: second car space, modern build quality, shared amenity package
Bedrooms
2
Bathroom
2
Parking
2
Land
1906m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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