Back 1/240 Rae Street
Off Market

1/240 Rae Street

Fitzroy North VIC 3068

2
1
1
House
Damien TheiszDamien Theisz, last sold this property on 05 August 2026 after 272 days on market.

Overview

A rare Fitzroy North opportunity - Transform, create, or enhance

Perfectly positioned in one of Fitzroy North's most coveted pockets, this versatile property presents an extraordinary opportunity for those with imagination and vision. Currently configured as an open-plan office space, it offers a superb blank canvas ready to be transformed into a stunning warehouse-inspired residence (STCA), or simply revitalised and enhanced as a creative studio, office, or mixed-use dwelling. Zoned Neighbourhood Residential Zone (NRZ), the property comprises three principal rooms and an open retreat area, ideal foundations for stylish living zones or bedrooms, plus a kitchenette, separate toilet, split-system climate control, carpark on title and an additional parking permit. The flexible layout, combined with immense potential, invites you to design a one-of-a-kind urban sanctuary that blends industrial charm with contemporary sophistication. Please note, this property does not incur any Owners Corporation fees. Whether you choose to create your dream home or value-add to an already character-rich space, your investment is perfectly supported by an unbeatable lifestyle location. Moments from St Georges Road and Nicholson Street trams, Reid Street buses, Fitzroy North Village, and the lush Edinburgh Gardens, this address delivers effortless access to everything that defines vibrant inner-north living.

Features

2 bedrooms
1 bathroom
1 carspace
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Fitzroy North over the last 12 months, the estimated median property value of 1/240 Rae Street is $1.41m.

Median value
$1.41m
Estimated value range
$700k - $2m
Median days on market
24
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Fitzroy North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/240 Rae Street

2026
Sold
Undisclosed
Private Sale/Treaty on 05 Aug 2026 by Damien Theisz, of Nelson Alexander Fitzroy

Happy sellers in Fitzroy North

69%
69% of sellers in Fitzroy North reported that their sale price either exceeded or met their price expectations.

Fitzroy North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Fitzroy North over the last 12 months.

Local market activity for 2 bedroom houses in Fitzroy North

In the last 12 months, 50 two-bedroom houses similar to 1/240 Rae Street, have been sold.

This represents a 11% increase in two-bedroom houses sales when compared to the previous 12 months.

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