40 Palmer Street, Fitzroy, Vic 3065

Auction $2,400,000 - $2,500,000

House
Type
3
Bedrooms
2
Bathrooms
1
Parkings
344 m²
Area

Last updated on Friday, September 11, 2026 ( See property details for 40 Palmer Street, Fitzroy, Vic 3065)

Auction $2,400,000 - $2,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A charming Victorian home on a generous 344sqm block, offering versatile living spaces, a guest house, and a stunning garden sanctuary in a prime city-fringe locale.

🏡 Property Highlights

  • Unique double-storey Victorian design with renovation potential
  • Spacious 344sqm land parcel in a sought-after city-fringe location
  • Separate guest house with kitchenette and ensuite
  • Elegant interiors with high ceilings and solid timber floors
  • Beautifully landscaped garden with pond and paved entertaining area
  • Prime location near Carlton Gardens, Brunswick Street, and public transport

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Open-Plan Living
  • Ensuite
  • Dishwasher
  • Garden / courtyard
  • Water tank
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
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40 Palmer Street
Fitzroy, VIC 3065
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Vertical aerial view — 40 Palmer Street
40 Palmer Street — Vertical Aerial  •  Fitzroy, VIC 3065  •  Nearmap © 2026

Fitzroy is a vibrant, eclectic suburb renowned for its rich cultural scene, diverse dining options, and historic charm. It offers excellent walkability, proximity to parks like Carlton Gardens, and easy access to public transport, making it ideal for those seeking a lively yet convenient lifestyle. The area boasts a mix of heritage homes and modern renovations, attracting creatives and professionals alike. Local amenities include trendy cafes, boutique shops, and renowned eateries along Brunswick and Gertrude Streets. With its strong community vibe and proximity to Melbourne’s CBD, Fitzroy is a highly desirable place to live.

What are the renovation possibilities for this Victorian home?
The property offers exceptional renovation potential, allowing for modern updates while preserving its historic charm, including options to enhance the interior layout or add contemporary features.
Is there outdoor space suitable for entertaining?
Yes, the property features an expansive backyard with paved entertaining areas, extensive decking, and established gardens, perfect for outdoor gatherings.
How close is the property to public transport and amenities?
The home is within walking distance to Parliament Station, tram routes, Carlton Gardens, Brunswick Street retail precinct, and the vibrant culinary scene of Gertrude Street.
Does the property include a separate guest accommodation?
Yes, there is a guest house with its own kitchenette and ensuite, providing versatile living or rental options.
What features enhance the natural light and airflow in the home?
Towering ceilings, large windows, and an atrium-style living area ensure the home is bathed in natural light and promotes good airflow.
Are there any planning or zoning restrictions that could affect future renovations or extensions? Has the property been inspected for any structural issues or dampness, especially given its age? Are there any easements or covenants on the land that could impact use or development? What are the ongoing maintenance costs for the established gardens and pond? Is there any history of flooding or bushfire risk in this area? Are there any upcoming developments or construction projects nearby that could affect the property’s tranquility or value? What are the strata or council rates applicable to this property? Are there any restrictions or requirements for the guest house or additional structures? Is the property compliant with current building codes and safety standards? Are there any known issues with the laneway access or parking arrangements?

40 Palmer Street, Fitzroy, Vic 3065 - More Details

Auction $2,400,000 - $2,500,000

“THUSNELDA” – nestled in a revered city-fringe neighbourhood, this grand Victorian home on 344sqm of land (approx) is set to impress with its unique double-storey design, exceptional renovation potential and amazing garden sanctuary to enjoy.

The gorgeous facade makes way for a previously expanded interior comprising two main bedrooms (one up, one down) serviced by a neat bathroom, as well as a guest house/third bedroom with its own kitchenette and ensuite.

Bathed in natural light, the home also includes an elegant front lounge and adjoining dining room, atrium-style living area and adjoining kitchen/meals with granite benchtops, stainless-steel cooking appliances and Ilve dishwasher.

Towering ceilings and solid timber floors enhance the experience, along with an expansive backyard complete with paved entertaining area, extensive decking, fish pond and established gardens, plus direct access to the rear laneway.

Footsteps to Carlton Gardens, Brunswick Street retail and choice of tram routes, it’s also walking distance to Gertrude Street renowned culinary scene, St Vincent’s Hospital, Parliament Station and the city itself.
Type
House
Bedrooms
3
Bathrooms
2
Parkings
1
Area
344 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 12 Sep 1:30 pm

    Saturday 12 September
    1:30 pm - 2:00 pm
  • Inspection Wed 16 Sep 12:00 pm

    Wednesday 16 September
    12:00 pm - 12:30 pm
  • Inspection Sat 19 Sep 10:00 am

    Saturday 19 September
    10:00 am - 10:30 am
  • Inspection Wed 23 Sep 12:00 pm

    Wednesday 23 September
    12:00 pm - 12:30 pm

Auctions

  • 40 Palmer Street, Fitzroy, Vic 3065

    Saturday 10 October
    1:00 pm
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