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Sold on 01 Nov 2024 for $1,155,000

40 Railway Parade
Fairfield NSW 2165

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 656m2
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Property Details for 40 Railway Pde, Fairfield

40 Railway Pde, Fairfield is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 656m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Fairfield in the last 12 months.

Building Type
House
Land Size
656m2

Last Listing description (November 2024)

Located in the heart of Fairfield, this prime 3-bedroom home sits on a generous 656sqm block, offering an exceptional opportunity for investors and developers alike.

Currently tenanted, this property provides immediate rental income, making it an attractive purchase for those looking for a steady investment. With its spacious land size, there is also fantastic potential for future development, pending council approval. The property is ideally location in one of Fairfield's most sought-after areas adding significant value. The home is located within a 2km radius to the areas most sought after amenities such as schools, parks, and public transport.
Don't miss the chance to secure a property that combines immediate returns with long-term growth potential.

Disclaimer: Whilst every effort is taken to ensure accuracy of this listing, we accept no responsibility for errors or omissions. We encourage you to seek your own independent legal and / or financial advice prior to making any commitment or decision.

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Property History for 40 Railway Pde, Fairfield, NSW 2165

A timeline of how this property has performed in the market
Last Sold
$1,155,000
01 Nov 2024
Listed for Rent
12 Mar 2021
  • 01 Nov 2024
    Sold for $1,155,000
  • 23 Oct 2024
    Listed for Sale Contact Agent
  • 03 Nov 2020
    Listed for Rent $460 / 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 8,087 properties. Over the last 5 years, Houses in Fairfield have seen a 69.70% increase in median value, while Units have seen a 15.40% increase. As at 30 November 2024:

  • The median value for Houses in Fairfield is $1,173,847 while the median value for Units is $448,040.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 52 properties listed for sale, and 48 properties listed for rent in Fairfield on OnTheHouse. According to CoreLogic's data, 282 properties were sold in the past 12 months in Fairfield.

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Mitchell Crawford
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WISEBERRY PRESTONS
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