205/1A Liverpool Street, Fitzroy North VIC 3068
205/1A Liverpool Street, Fitzroy North VIC 3068
New build | 5 levels | lift + EV | 2-bed from $1.335M | completion early 2027
This is a rare opportunity in Fitzroy North, where the housing stock is overwhelmingly period terraces and older conversions. A new mid-rise apartment with lift access, EV charging and cross-flow ventilation is genuinely uncommon here, and it will appeal most to downsizers and professionals who want the suburb’s walkability and café culture without the maintenance of a Victorian house. The northeastern corner layouts with good light and airflow are a clear step up from typical apartment design, and the secure parking allocation across 33 residences suggests parking will not be a source of friction. For buyers who value convenience, modern amenity and a lock-and-leave lifestyle, this sits comfortably above most local apartment offerings.
The price point for a two-bedroom unit here is substantial, and that may reflect the new-build premium rather than established market depth. Apartments in this suburb tend to trade at a discount to houses and townhouses on a per-square-metre basis, and the lack of heritage character or private garden space might limit resale appeal compared with period homes nearby. Buyers should weigh the benefit of a brand-new property with modern finishes against the possibility that the apartment market in this pocket remains thinner than the house market. The early 2027 completion also means a longer wait before occupancy, which may affect those needing to move sooner.
|| Comparable Sales: 2/258-262 Rae Street sold $1.391M (townhouse); 2/57 May Street listed around $1.64M (townhouse) | Property Price Band: $1.3M–$1.4M | Value Drivers: new-build condition, lift access and EV charging, northeastern corner layout with cross-flow ventilation
Detailed Independent Property Report prepared by PropCred Analyst team for 205/1A Liverpool Street, Fitzroy North VIC 3068
Checks found:
Value Risk
1
Liquidity Risk
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: 2/258-262 Rae Street sold $1.391M (townhouse); 2/57 May Street listed around $1.64M (townhouse) | Property Price Band: $1.3M–$1.4M | Value Drivers: new-build condition, lift access and EV charging, northeastern corner layout with cross-flow ventilation
Bedrooms
2
Bathroom
2
Parking
1
Land
1026m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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