21/98 Nicholson Street, Fitzroy, VIC 3065 | Apartment for sale | OnTheHouse
 
FOR SALE
$530,000 - $575,000

21/98 Nicholson Street
Fitzroy VIC 3065

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Architecturally Reimagined Apartment in Iconic Cairo Flats

For Sale by Expressions Of Interest Ending 25th August
Positioned within Melbourne’s celebrated Cairo Flats, this meticulously reconfigured studio apartment delivers an exceptional blend of heritage modernism and contemporary design. Overlooking leafy Carlton Gardens in the heart of Fitzroy, the residence sits within one of the city’s most significant early modernist buildings, originally designed in 1936 by Acheson Best Overend.
Cleverly redesigned by Agius Scorpo Architects, the approximately 23sqm apartment maximises every inch of space while preserving the building’s original ethos of “maximum amenity in minimum space.” Thoughtful planning and bespoke joinery create a highly functional layout, seamlessly integrating living, dining, sleeping and storage zones. Recognised for its design excellence, the apartment is both award-winning and widely published across magazines, books, and TV and online platforms.
At the heart of the home, a striking custom kitchen crafted from Tasmanian oak and accented with bold yellow cabinetry offers both visual impact and versatility. Designed to adapt, it opens, folds, slides and conceals, with multi-purpose elements that enhance usability without compromising space.
The layout has been intelligently reconfigured to enhance liveability, with the sleeping area relocated to allow for an open-plan living zone, while a cleverly integrated bathroom and dressing space further optimise functionality.
Features such as generous northern light, cross ventilation and beautifully soft coved ceilings are celebrated throughout, with a subtle datum line and concealed lighting enhancing the architectural form. Curved detailing and carefully selected materials pay homage to the building’s modernist heritage while introducing a warm, contemporary aesthetic.
Set within a leafy, tightly held enclave and moments from Fitzroy’s vibrant cafés, culture and parklands, this unique residence presents a rare opportunity to own a piece of Melbourne’s architectural history, perfectly adapted for modern urban living.
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Property Details for 21/98 Nicholson St, Fitzroy

21/98 Nicholson St, Fitzroy is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Jellis Craig Fitzroy.

Building Type
Apartment
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About Fitzroy 3065

The size of Fitzroy is approximately 1.4 square kilometres. There are 8 parks, covering nearly 2.7% of the total area. The population of Fitzroy in 2016 was 10445 people. By 2021 the population was 10431 showing a population decline of 0.1% in the area during that time. The predominant age group in Fitzroy is 30-39 years. Households in Fitzroy are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy work in a professional occupation.In 2021, 38.10% of the homes in Fitzroy were owner-occupied compared with 34.50% in 2016.

Fitzroy has 8,870 properties. Over the last 5 years, Houses in Fitzroy have seen a -7.49% decrease in median value, while Units have seen a 14.41% increase. As at 31 July 2026:

  • The median value for Houses in Fitzroy is $1,583,632 while the median value for Units is $829,374.
  • Houses have a median rent of $1,000 while Units have a median rent of $693.
There are currently 20 properties listed for sale, and 20 properties listed for rent in Fitzroy on OnTheHouse. According to Cotality's data, 355 properties were sold in the past 12 months in Fitzroy.

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David Sanguinedo
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Alicia Cannizzaro
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Jellis Craig Fitzroy
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