638-642 Nicholson Street, Fitzroy North, VIC 3068 | Property Value & History | OnTheHouse
OFF MARKET

638-642 Nicholson Street
Fitzroy North VIC 3068

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 677m2
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Property Details for 638-642 Nicholson St, Fitzroy North

Building Type
Commercial
Floor Size
400m2
Land Size
677m2
Local Government
Yarra
Lot/Plan
1/PS332654

Last Listing description (November 2020)

Colliers International is pleased to offer for sale this prime permit approved city fringe development site via Private Negotiations.

The site is positioned in within the Fitzroy North retail village and is exceptionally serviced by trams along Nicholson Street. The site is recently permitted for a striking 8-level mixed use development to include basement car parking, significant ground level retail and upper level mixed use accommodation.


The inner-city location is surrounded by parklands, boutique retail villages and benefits from an easy commute into the CBD. The tram route along Nicholson Street has recently been upgraded to and the surrounding streets form popular bicycles thoroughfares seamlessly connect the Fitzroy North area to all of the surrounding areas.

Key features of this development site are outlined below:

Rare Land Holding of 1,834 sqm*
Permit Approved for 8 Levels
Mixed Use zoning allows Flexible Development Outcomes
Excellent Views Lines of CBD and Surrounding Parklands
Vacant Possession
Public Transport at the Front Door providing direct access into the CBD
Sought After Inner City Residential Location

*denotes approximately

For more information please contact the Colliers International Development Site Sales team.

Trent Hobart 0433 196 452
Jozef Dickinson 0402 678 888
James Wu 0423 675 777

Property History for 638-642 Nicholson St, Fitzroy North, VIC 3068

A timeline of how this property has performed in the market
Last Sold
$15,100,000
18 Sep 2017
Listed for Rent
$598/w
26 Jun 2018
  • 16 Mar 2020
    Listed for Sale Contact Agent
  • 20 Apr 2018
    Listed for Rent - Price not available
  • 02 Feb 2018
    Listed for Rent - Price not available
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About Fitzroy North 3068

The size of Fitzroy North is approximately 2.5 square kilometres. There are 16 parks, covering nearly 16.2% of the 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 7,963 properties. Over the last 5 years, Houses in Fitzroy North have seen a -4.91% decrease in median value, while Units have seen a 6.84% increase. As at 31 July 2026:

  • The median value for Houses in Fitzroy North is $1,724,581 while the median value for Units is $763,859.
  • Houses have a median rent of $873 while Units have a median rent of $630.
There are currently 17 properties listed for sale, and 15 properties listed for rent in Fitzroy north on OnTheHouse. According to Cotality's data, 368 properties were sold in the past 12 months in Fitzroy north.

Suburb Insights for Fitzroy North 3068

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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.