46/183 Kerr Street, Fitzroy VIC 3065

Top-floor penthouse in Fitzroy’s landmark MacRobertson building | rare two-level heritage scale | panoramic northern light | three secure car spaces in inner Melbourne This property’s competitive strength lies in its scarcity. A two-level penthouse within a heritage conversion of this calibre, with three car spaces and northern views, is not replicable. The 46/183 Kerr Street residence serves buyers who value architectural presence over new-build uniformity, and who understand that heritage stock with this floor plan and light exposure holds its position across market cycles. The study and dual living areas add functional depth for a professional couple or downsizing executive who works from home. The primary risk is the price point relative to Fitzroy’s $1.7 million median,this is a niche offering, not a broad-market play. Liquidity may be thinner at this level, and the Expressions of Interest process closing May 27 suggests the vendor expects a disciplined buyer pool. The opportunity is that heritage penthouse stock rarely trades; waiting for a comparable may cost more in time than price. Hold this property as a long-term primary residence or a low-turnover city base, not as a short-term flip