21/98 Nicholson Street, Fitzroy, VIC 3065 | Property Value & History | OnTheHouse
FOR SALE

21/98 Nicholson Street
Fitzroy VIC 3065

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 27m2
Land area: 2416m2
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Property Details for 21/98 Nicholson St, Fitzroy

21/98 Nicholson St, Fitzroy is a 1 bedroom, 1 bathroom Unit and was built in 1935. The property has a land size of 2416m2 and floor size of 27m2.This Property is currently listed for sale with Jellis Craig Fitzroy

Building Type
Unit
Year Built
1935
Floor Size
27m2
Land Size
2416m2
Local Government
Yarra
Lot/Plan
21/PS448738

Last Listing description (August 2026)

For Sale by Expressions Of Interest Ending 25th August

Positioned within Melbournes 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 citys 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 buildings 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 buildings modernist heritage while introducing a warm, contemporary aesthetic.

Set within a leafy, tightly held enclave and moments from Fitzroys vibrant cafs, culture and parklands, this unique residence presents a rare opportunity to own a piece of Melbournes architectural history, perfectly adapted for modern urban living.

Property History for 21/98 Nicholson St, Fitzroy, VIC 3065

A timeline of how this property has performed in the market
Last Sold
$345,000
02 Mar 2015
Listed for Rent
$300/w
19 Mar 2013
  • 30 Jul 2026
    Listed for Sale $530,000 - $575,000
  • 02 Mar 2015
    Sold for $345,000
  • 01 Mar 2013
    Listed for Rent - Price not available
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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 -0.35% decrease in median value, while Units have seen a 13.17% increase. As at 30 June 2026:

  • The median value for Houses in Fitzroy is $1,684,367 while the median value for Units is $831,847.
  • Houses have a median rent of $1,000 while Units have a median rent of $675.
There are currently 20 properties listed for sale, and 19 properties listed for rent in Fitzroy on OnTheHouse. According to Cotality's data, 365 properties were sold in the past 12 months in Fitzroy.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.