105/11 Reid Street, Fitzroy North VIC 3068
105/11 Reid Street, Fitzroy North VIC 3068
1 bed 1 bath 1 car | 48m² architect designed | Edinburgh Village | compact inner north apartment
This property is a compact architecturally designed one bedroom apartment located in the Edinburgh Village pocket of Fitzroy North. The inclusion of a dedicated car space is a meaningful advantage in this tightly held inner suburb where parking is constrained and adds genuine utility for both owner occupiers and investors. The 48 square metre internal area is typical for a small one bedroom format in this segment and the modern kitchen with granite benchtop suggests a finish quality that should appeal to first home buyers seeking an inner city foothold or downsizers wanting low maintenance living close to amenity. The property sits within an established apartment complex on Reid Street and its residential land use in the Yarra LGA places it in a well connected urban setting with walkable access to local shops and lifestyle offerings.
The 48 square metre floorplan may feel constrained for buyers accustomed to larger layouts or those planning to work from home regularly. The building age and floor level are not confirmed from available records which means the quality of natural light outlook and noise exposure cannot be fully assessed without inspection. Strata fees and building management quality are not disclosed here and these costs can materially affect holding costs and resale appeal in smaller apartment complexes. The property last sold in 2023 for $433,000 and the current asking range appears aligned with that figure which suggests limited short term capital growth has been priced in. Buyers should verify the actual floor level orientation and any shared facilities before forming a view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 105/11 Reid Street, Fitzroy North VIC 3068
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Fitzroy North is a premium inner-city suburb with a strong house market, attracting a young professional demographic. Demand is driven by this affluent cohort, reflected in high household incomes and population growth. Recent house price trends show robust quarterly growth, though the unit market presents a more varied performance. The suburb’s established character and limited sales volume suggest inherent supply constraints, which underpin its premium positioning but also contribute to its sensitivity to broader economic conditions affecting buyer affordability.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
974m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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