581 Rae StreetFitzroy North VIC 3068
Property Details for 581 Rae St, Fitzroy North
581 Rae St, Fitzroy North is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 421m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Fitzroy North in the last 12 months.
Last Listing description (September 2024)
An exciting future awaits...Proudly positioned on a commanding 427m2 block, this much-loved brick residence held by the same family of over 53 years presents all the hallmarks of sought-after real estate: position, proportions, and incredible potential in a flourishing inner-city address to match.
With tremendous scope for future enhancement through renovation or redevelopment (STCA), a functional layout infused with retro authenticity reveals three generously sized bedrooms, a separate living/dining domains, a well-equipped kitchen, rear laundry & bathroom plus a light-filled fourth bedroom overlooking a deep and expansive garden with storage sheds and garage via rear ROW. Add to this, split system heating and cooling, soaring ceilings, and delightful undercover outdoor patio.
Ripe and ready for its next chapter to begin, this prized parcel celebrates a terrific inner-city location, moments from Nicholson Street trams, popular schools and kindergartens, Barkly Square shopping, plus endless cycling/walking trails and a short 4km into the heart of Melbourne CBD. An enviable opportunity to unleash creative vision and renovation smarts to transform into an inner-city masterpiece, make your mark and reap the rewards!
Property History for 581 Rae St, Fitzroy North, VIC 3068
- 21 Sep 2024Sold
- 28 Aug 2024Listed for Sale Auction $1,750,000 - $1,900,000
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0About 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 7,625 properties. Over the last 5 years, Houses in Fitzroy North have seen a 6.48% increase in median value, while Units have seen a 5.39% increase. As at 31 October 2024:
- The median value for Houses in Fitzroy North is $1,626,459 while the median value for Units is $754,788.
- Houses have a median rent of $800 while Units have a median rent of $590.
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