86 Delbridge Street, Fitzroy North VIC 3068
86 Delbridge Street, Fitzroy North VIC 3068
4 bed terrace on 234m² | period character with architect link | near Edinburgh Gardens | strong family rental demand | 1 car only
This is a genuinely rare configuration for Fitzroy North – a four-bedroom period terrace on a compact 234m² lot, which gives it a distinct edge over the suburb’s more common two and three-bedroom stock. The tuckpointing, tessellated tiles, and veranda suggest a facade that has been respected rather than stripped, and the Terry Nott association implies a design-conscious renovation or restoration. That combination of scale, character, and architectural credibility places it above the standard terrace offering. It will suit a family wanting inner-north living without sacrificing bedrooms, or an owner-occupier who values period detail and is prepared to pay for it. The proximity to Edinburgh Gardens and the established school network only reinforce its appeal.
The 234m² land size is workable but not generous, and the single car space may limit some buyers who need flexibility. Heritage controls likely apply, which could restrict future alterations – that may be a positive for those wanting character protection, but it does narrow the renovation potential. The age of the property means maintenance should be anticipated, and the internal condition is not fully verified, so the final price will hinge on how the kitchen, bathrooms, and general finishes present in person. Rental demand for larger family homes in this pocket is strong, which offers some downside protection, though yields are moderate given the price point.
|| Comparable Sales: 73 Delbridge Street (4 bed, 2 bath period home) and 42 Delbridge Street (3 bed terrace, ~$2.03M) | Property Price Band: $1.9M–$2.0M | Value Drivers: four-bedroom layout, period facade condition, architect association, land size and garden proximity.
Detailed Independent Property Report prepared by PropCred Analyst team for 86 Delbridge Street, Fitzroy North VIC 3068
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
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: 73 Delbridge Street (4 bed, 2 bath period home) and 42 Delbridge Street (3 bed terrace, ~$2.03M) | Property Price Band: $1.9M–$2.0M | Value Drivers: four-bedroom layout, period facade condition, architect association, land size and garden proximity.
Bedrooms
3
Bathroom
2
Parking
1
Land
237m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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