40 Palmer Street, Fitzroy VIC 3065

Set within the sought-after inner-city locality of Fitzroy, this majestic Victorian residence known as "THUSNELDA" stands on a generous land parcel of approximately 344sqm, combining historic grandeur with substantial renovation potential for discerning buyers. Its distinctive double-storey structure is complemented by a charming facade that introduces a thoughtfully expanded interior layout.

The home offers versatility with two primary bedrooms positioned advantageously across two levels, serviced by a well-appointed bathroom, alongside a self-contained guest house or third bedroom featuring its own kitchenette and ensuite—ideal for extended family, visitors, or potential rental income.

An abundance of natural light permeates the property, enhancing the elegant front lounge and adjacent dining room, as well as an atrium-style living space that flows seamlessly into a kitchen and meals area. The kitchen boasts granite benchtops, stainless steel appliances, and an Ilve dishwasher, catering well to both day-to-day family life and entertaining.

• High ceilings and solid timber flooring amplify the period charm and spaciousness throughout.
• The expansive outdoor area provides a tranquil garden retreat with established greenery, a paved entertaining courtyard, extensive decking, and a decorative fish pond, all with handy rear access to the laneway.

Situated mere footsteps from the verdant Carlton Gardens and the vibrant Brunswick Street retail precinct, residents enjoy excellent connectivity to multiple tram routes, with Gertrude Street’s acclaimed dining scene, St Vincent’s Hospital, Parliament Station, and Melbourne’s CBD within easy walking distance. This property uniquely appeals to those seeking a blend of classic residence, inner-city lifestyle, and renovation project potential in one of Melbourne’s premier fringe suburbs.