301/3 York Street, Fitzroy North VIC 3068

301/3 York Street, Fitzroy North VIC 3068
301/3 York Street, Fitzroy North VIC 3068 is a 3-bedroom, 2-bathroom, 2-car penthouse/unit in a boutique low-rise development, described by listing agents as a “showcase of design, scale and sustainability” and as an exceptional penthouse by Milieu with Fieldwork Architects and Flack Studio. The property was listed for sale on 18 June 2026 as a unit in Fitzroy North. Available listing/portal data also indicates it sits on a 673 m² lot, was sold in 2016, and is currently valued by portals around $1.25m–$1.27m. 3-bed penthouse | boutique low-rise | two car spaces | premium design pedigree This penthouse sits in a rare position within Fitzroy North’s apartment market, offering a configuration that is unusually generous for the area. The three-bedroom, two-bathroom layout with two car spaces places it well above the typical apartment stock, which tends toward smaller, single-car units. The design credentials from Milieu, Fieldwork Architects, and Flack Studio are not commonly found in this suburb, and the boutique low-rise setting provides a quieter, more residential feel than larger developments. This property is best suited to owner-occupiers, particularly downsizers or professional couples who want inner-north living without sacrificing space, parking, or design quality. The value of this penthouse may be influenced by its position at the top end of the local apartment market, which could narrow the pool of potential buyers compared to more affordable stock. While the design and scale are strengths, the lack of verified details on internal fit-out, balcony orientation, or ceiling heights means some uncertainty remains about how the property compares to other premium options. Buyers should consider whether the penthouse’s pricing reflects its boutique nature and rarity, or if it may face resistance from those who prefer houses or larger apartments in nearby suburbs. The 2016 sale history provides a reference point, but market conditions have shifted since then.
Detailed Independent Property Report prepared  by PropCred Analyst team for 301/3 York Street, Fitzroy North VIC 3068
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk ! 1
Execution Risk 2
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Insight: Fitzroy North VIC 3068

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

3

Bathroom

2

Parking

2

Land

673m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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