417 Smith Street, Fitzroy, VIC 3065 | Property Value & History | OnTheHouse
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417 Smith Street
Fitzroy VIC 3065

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Property Details for 417 Smith St, Fitzroy

Building Type
Land

Last Listing description (May 2019)

The Rise Of The Lifestyle/Food Precinct Has Been Meteoric!! It's Transformed 'Unwanted' Strips Into Melbourne's Finest!! Insert A Drawcard Retail Tenant... Combine With Edgy, Destination Food Tenants... Enter The Newest Hot Spot!! There Is No Better Example Of This Than The 'Southern' End Of Smith Street.
Previously The 'Northern' End Of Smith Street Reigned Supreme!! Nike Was The Drawcard & All The Best Retailers Followed... This Precinct Had The Highest Rents, The Lowest Vacancies & The Highest Property Values.
What Came Next? The South Was Reborn. The Smith & Co. Development Introduced A Drawcard Tenant i.e. Coles & Destination Food Tenants Made The 'South' Their Home - Attracted By The Lower Rents & Future Potential. This Is All About To Change...

The Nike Development (416 Smith Street) Was A Positive - It Replaced The 'Old'& Declining Retail Drawcard With A 'New'& More Relevant One... Dan Murphy s. However Construction Has Taken Too Long, Causing A Temporary 'Lull'.
Dan Murphy's Opening Is Now Imminent... As Is Two More Drawcard Retail Tenants. The First Of The Edgy, Destination Food Tenants Is Open & Thriving!! (Red Sparrow Pizza By Chef Michael Craig). In A Few Short Years, This Precinct Will Be Unrecognisable... Filled With Standout Developments & Destination Food Tenants. Rents Will Rise, Together With Property Values Welcome To The Resurgence Of The North !!
417 Smith Street Is An Exceptional Corner Site, Securely Leased Until March 2022 With Two Standout Tenants (Kathmandu & Bellroy) & Significant Future Development Upside. Kathmandu Have Just Exercised Their Final 5 Year Option & Occupy The Majority Of The Ground Floor Retail Shops. The Other Shop & Entire First Floor Office, Is Leased By Bellroy. Their Lease Expires On The Same Day As Kathmandu.
The Rents Are Undervalued - Caused By Establishing Rents During A Temporary Lull . The Office Market Rent Potential Has Already Increased The Retail Rents Will Follow Shortly.
With All This In Mind, We Ask You... Do You Want To Buy At Peak Prices With Limited Growth Potential? Or Would You Rather Capitalise On A Temporary Lull, Caused By Reduced Rents & Property Values, Just Prior To A Substantial Uplift?
Enter The Resurgence Of The North
For Sale By Negotiation.
Please Contact Agent For Further Details.

Property History for 417 Smith St, Fitzroy, VIC 3065

A timeline of how this property has performed in the market
Listed for Rent
$1.92k/w
30 May 2018
    No history found for this property.
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About Fitzroy 3065

The size of Fitzroy is approximately 1.4 square kilometres. It has 8 parks covering nearly 2.7% of 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 8,868 properties. Over the last 5 years, Houses in Fitzroy have seen a 10.96% increase in median value, while Units have seen a 16.22% increase. As at 31 March 2026:

  • The median value for Houses in Fitzroy is $1,697,148 while the median value for Units is $813,614.
  • Houses have a median rent of $985 while Units have a median rent of $650.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Fitzroy on OnTheHouse. According to Cotality's data, 324 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.