148 Scotchmer Street, Fitzroy North, VIC 3068 | Property Value & History | OnTheHouse
 
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148 Scotchmer Street
Fitzroy North VIC 3068

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 135m2
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Property Details for 148 Scotchmer St, Fitzroy North

Building Type
Commercial
Land Size
135m2
Local Government
Yarra
Lot/Plan
2/LP39867

Last Listing description (March 2025)

• Significant heritage freehold with rear frontage and loading access via Austin Way
• Dependable, long-term lease to a thriving restaurant
• Outstanding foot traffic in ultra-high-exposure Fitzroy North Village

A first-class commercial prospect among one of the inner-north's most widely adored lifestyle strips, this substantial, low-maintenance freehold offers dependable, passive income with scope to repurpose down the line. Currently rented to a long-time Italian restaurant, lease details include:
- $46,681.80 per annum ($3890.15 per calendar month)
- Three years secured from 11/10/2023
- A pair of three-year extension options, leased at increased amounts

Noteworthy points include:
- Land size: 134sqm approx. with rear frontage and loading access via Austin Way
- Neighbourhood Residential Zone (NRZ)
- Approx. 4km to Melbourne's bustling city centre
- Multiple tram routes and Rushall Station ensuring quick access to the CBD and beyond
- Placed among some of Melbourne's most popular cafés, restaurants, bars, and boutiques
- Steps from picturesque Edinburgh Gardens and Merri Creek
- Moments from Nicholson Street, Queens Parade, and additional inner-city lifestyle precincts
- Further prosperity coming to the area with Piedimonte's imminent redevelopment

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Property History for 148 Scotchmer St, Fitzroy North, VIC 3068

A timeline of how this property has performed in the market
Last Sold
$800,000
15 Dec 2012
Listed for Rent
$747/w
11 Oct 2013
  • 20 Mar 2024
    Listed for Sale $1,100,000 - $1,200,000
  • 27 Sep 2013
    Listed for Rent - Price not available
  • 15 Dec 2012
    Sold for $800,000
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About 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 2016 was 12339 people. By 2021 the population was 12781 showing a population growth of 3.6% 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 over $4000 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation.In 2021, 47.50% of the homes in Fitzroy North were owner-occupied compared with 45.90% in 2016.

Fitzroy North has 7,959 properties. Over the last 5 years, Houses in Fitzroy North have seen a 2.39% increase in median value, while Units have seen a 7.99% increase. As at 30 April 2026:

  • The median value for Houses in Fitzroy North is $1,771,014 while the median value for Units is $722,635.
  • Houses have a median rent of $870 while Units have a median rent of $650.
There are currently 17 properties listed for sale, and 13 properties listed for rent in Fitzroy north on OnTheHouse. According to Cotality's data, 332 properties were sold in the past 12 months in Fitzroy north.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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