401/340 Fitzroy Street, Fitzroy VIC 3065

401/340 Fitzroy Street, Fitzroy VIC 3065
3-bedroom apartment | 2 car spaces | 132 sqm internal | rooftop terrace and concierge This is an unusually large apartment for Fitzroy, with a floorplan that rivals a small house and parking that is rare in this inner-city suburb. The 132 sqm internal area, combined with two dedicated car spaces and building amenities like a rooftop terrace and guest suite, positions it well for owner-occupiers seeking space without sacrificing walkability. It sits in a highly accessible location, about eight minutes from the CBD by tram, and the building’s mid-rise design with at-grade parking and storage adds practical appeal. This property is best suited to downsizers or professionals who want a substantial home in a vibrant, established neighbourhood, rather than a compact investor unit. The bathroom count inconsistency across sources may reflect a design option or a data error, and this should be clarified directly with the developer, as it could affect the property’s functional layout and resale appeal. Being on Fitzroy Street, exposure to traffic noise and street activity is likely, though the apartment’s orientation and window specification are not yet confirmed. The pre-construction status means final finishes and exact internal dimensions may vary from marketing materials, so a detailed plan and specification review is recommended before forming a price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 401/340 Fitzroy Street, Fitzroy VIC 3065
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk
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Insight: Fitzroy VIC 3065

Fitzroy is a premier inner-city suburb defined by its vibrant cultural scene and exceptional connectivity. Demand is driven by young professionals and investors drawn to its dynamic lifestyle and strong rental market. Recent price trends for houses have softened, reflecting broader affordability pressures, while the unit market has shown relative resilience. Future growth is anchored in its enduring appeal and limited housing supply, though high entry costs and sensitivity to economic conditions present ongoing constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

3

Parking

2

Land

1462m²

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