22 Westgarth Street, Fitzroy VIC 3065

2-bed house on modest lot | entry-level Fitzroy positioning | new apartment development nearby | no car spaces This property presents a rare, lower-priced entry point into Fitzroy’s tightly held house market, serving buyers seeking land ownership over apartment living. Its compact scale and lack of car accommodation define its competitive position, best suited for a lifestyle-oriented purchaser or investor comfortable with inner-city trade-offs. The recent completion of a premium apartment building directly on the same street signals sustained high demand for the location and provides a clear value ceiling for modern, amenity-rich living. The primary financial exposure is the constrained future utility due to the small land parcel and missing car space, which narrows the buyer pool and may pressure capital growth relative to larger lots. The adjacent new development, however, commercially validates the precinct’s appeal. Acquire this as a long-term hold to establish a foothold, accepting its limitations for location, or consider a value-add renovation if configuration permits, though the lot size imposes a hard limit.