25/140 Queens Parade, Fitzroy North VIC 3068

Corner dual-level apartment | rear complex position | alfresco indoors-outdoors | Edinburgh Gardens edge | secure Millennium complex The dual-level configuration with two outdoor areas is uncommon in this price band and gives the property a townhouse feel without the full land cost. Being at the rear of a secure complex reduces street noise and improves privacy, which strengthens its appeal for owner-occupiers who prioritise quiet living over curb presence. The corner position between Edinburgh Gardens and Brunswick Street offers genuine walkability to amenity and green space, making it suitable for professionals or downsizers who want low-maintenance living in a sought-after pocket of Fitzroy North. Heritage Overlay HO327 is a material constraint that limits external changes and may affect future renovation scope, but for most buyers in this location it is an accepted condition of the neighbourhood. The gap between the $730,000 estimated value and the $800,000-plus sale guide suggests either recent enhancements are being priced in or the market has moved since the estimate was made. Buyers should verify whether the interior upgrades justify the premium. The 2009 last sale date means no recent transaction data to anchor value, so comparable sales in the complex or nearby dual-level units are essential. This property works best as a long-term hold for an owner-occupier; rental yield at the upper estimate is adequate but not exceptional for this price point.