SOLD
Sold on 21 Nov 2023 for $1,400,000

1 Bakehouse Lane
Fitzroy North VIC 3068

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 113m2
Sold By
Henry Rutherfurd
Nelson Alexander Fitzroy
Roland Paterson
Nelson Alexander Fitzroy
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Property Details for 1 Bakehouse Lane, Fitzroy North

1 Bakehouse Lane, Fitzroy North is a 3 bedroom, 1 bathroom House. The property has a land size of 113m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in Fitzroy North in the last 12 months.

Building Type
House
Land Size
113m2
Local Government
Yarra
Lot/Plan
1/TP673060

Last Listing description (November 2023)

Once strewn with active warehouses servicing many different industries, today Fitzroy North is home to many a luxury warehouse conversion, with 1 Bakehouse Lane ripe to join the ranks. As one of the few remaining operational buildings, the property is brimming with character and quintessential period features, its vast internal spaces eagerly awaiting transformation! (STCA)
For those with the vision to unlock the potential of this famous building, don't miss this once in a lifetime opportunity to breathe new life into this extraordinary property. Currently occupied by Bakehouse recording studios alongside a local fashion designer, the property provides the perfect scenario to earn rental income whilst your architectural plans are developed. Boasting high ceilings, the layout is quite unique offering multiple large spaces, kitchenette with meals area, bathroom with laundry provisions, and additional powder room.
Whatever your plans may be for this exclusive piece of real estate, they will benefit from the area's amenities and a highly prized location, with this historic building placing occupants at the doorstep of Fitzroy and everything that Melbourne's cosmopolitan CBD has to offer. With an eclectic mix of cultures, culinary venues, architecture, and transport options nearby, this inner-city location is both a vibrant and diverse hotspot.

Property History for 1 Bakehouse Lane, Fitzroy North, VIC 3068

A timeline of how this property has performed in the market
Last Sold
$1,400,000
21 Nov 2023
  • 21 Nov 2023
    Sold for $1,400,000
  • 10 Nov 2023
    Listed for Sale Under Offer
  • 27 Apr 2016
    Transferred
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About Fitzroy North 3068

The size of Fitzroy North is approximately 2.5 square kilometres. It has 16 parks covering nearly 16.2% of total area. The population of Fitzroy North in 2011 was 11,473 people. By 2016 the population was 12,335 showing a population growth of 7.5% in the area during that time. The predominant age group in Fitzroy North is 30-39 years. Households in Fitzroy North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation. In 2011, 47.7% of the homes in Fitzroy North were owner-occupied compared with 45.9% in 2016.

Fitzroy North has 7,656 properties. Over the last 5 years, Houses in Fitzroy North have seen a 14.20% increase in median value, while Units have seen a 4.99% increase. As at 30 September 2024:

  • The median value for Houses in Fitzroy North is $1,641,843 while the median value for Units is $740,919.
  • Houses have a median rent of $800 while Units have a median rent of $585.
There are currently 23 properties listed for sale, and 11 properties listed for rent in Fitzroy north on OnTheHouse. According to CoreLogic's data, 272 properties were sold in the past 12 months in Fitzroy north.

Suburb Insights for Fitzroy North 3068

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.