417 Rae Street, Fitzroy North, Vic 3068

This large renovated terrace residence offers more than meets the eye - unusually spacious light-filled rooms, two bathrooms and an array of fine period detail. Entry from the lace-trimmed verandah is to an unusually wide and lofty double-arched hallway, from which open two double bedrooms, one with a smart ensuite bathroom; both have storage, open fireplaces and deep plaster mouldings. The hallway leads to the well-proportioned living room, with marble overmantel, built-in cabinets and a door to a north-facing light court. An informal dining area adjoins the good-sized timber kitchen with stainless-steel appliances and the original wood-burning stove. A gallery overlooking the pergola-covered side courtyard leads to a glamorous new bathroom (with freestanding bath, separate shower, dual basins and Euro laundry) and to the third bedroom. At the rear, the brick-paved courtyard offers car access from a right-of-way.

Here is a winning combination of Victorian charm and contemporary amenity - features include extensive areas of glazing, hydronic heating and an alarm system. The location could hardly be better - at the northern end of popular Rae Street, just round the corner from St Georges Road cafes and shopping, public transport and cycle paths. You won't be disappointed!