28 Olive StreetFairfield NSW 2165
Property Details for 28 Olive St, Fairfield
28 Olive St, Fairfield is a 5 bedroom, 2 bathroom House. The property has a land size of 873m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 5 bedroom House sold in Fairfield in the last 12 months.
Last Listing description (April 2024)
Why you'll love it:
Situated on approximately 873Sqm & spread across two lots, this magnificent block offers the potential to buy and build in the highly convenient and fast-growing suburb of Fairfield. Welcome to 28 Olive St.
Whether looking to buy, hold and land-bank or develop this property offers the potential to do both. In a position where land is king, opportunities such as this do not come often. Zoned R4 and with the potential to build high density residential up to 20m high (STCA).
Features included:
- 873sqm block (approx)
- 18m frontage (approx)
- Zoned R4 High Density up to 20m
- Two lots, ability to subdivide (STCA)
- Potential to build granny flat and have dual income property
Best suited for:
The savvy developer looking to subdivide or build in fast-paced growing location (STCA) and add value, the investor looking to build a granny flat (STCA) and enjoy the rewards of the capital growth and steady rental return. The savvy investor looking to bank land in R4 zoned location.
Property History for 28 Olive St, Fairfield, NSW 2165
- 06 Apr 2024Sold for $1,570,000
- 11 Mar 2024Listed for Sale SOLD AT AUCTION
- 19 Nov 2020Listed for Rent $330 / week
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About Fairfield 2165
The size of Fairfield is approximately 4.5 square kilometres. It has 9 parks covering nearly 6% of total area. The population of Fairfield in 2011 was 17,033 people. By 2016 the population was 18,088 showing a population growth of 6.2% in the area during that time. The predominant age group in Fairfield is 20-29 years. Households in Fairfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Fairfield work in a labourer occupation. In 2011, 45.6% of the homes in Fairfield were owner-occupied compared with 40.7% in 2016.
Fairfield has 8,066 properties. Over the last 5 years, Houses in Fairfield have seen a 73.97% increase in median value, while Units have seen a 13.08% increase. As at 31 October 2024:
- The median value for Houses in Fairfield is $1,169,942 while the median value for Units is $444,695.
- Houses have a median rent of $610 while Units have a median rent of $450.
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