SOLD
Sold on 24 Apr 2024 for $470,000

2/162 Gillies Street
Fairfield VIC 3078

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 736m2
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Property Details for 2/162 Gillies St, Fairfield

Building Type
Commercial
Year Built
1970
Floor Size
62m2
Land Size
736m2
Local Government
Darebin
Lot/Plan
2/SP24583

Last Listing description (November 2023)

EXPRESSIONS OF INTEREST CLOSING BY MONDAY 11 DECEMBER 2023 AT 4.00 PM (UNLESS SOLD PRIOR).

This ground floor two bedroom apartment is a sensational entry into fantastic Fairfield or a welcome blue chip addition to any investment portfolio. A boutique block containing only 7 apartments this property is sure to impress with its space and functional layout making for easy and convenient living. Spacious lounge/living room with separate kitchen and meals area comprising contemporary-style kitchen complete with stone benchtop, tiled splashbacks & electric Euromaid oven. Two generously sized bedrooms both with BIR & central tiled bathroom with shower over tub, washing machine facilities & separate WC. One off-street parking space at the rear & positioned for absolute convenience walking distance to Station Street cafes and vibrant shopping precinct, Separation Street buses, Fairfield Station & Fairfield Primary School, as well as Northcote Aquatic Centre, McDonell Park & All Nations Park.

Property History for 2/162 Gillies St, Fairfield, VIC 3078

A timeline of how this property has performed in the market
Last Sold
$470,000
24 Apr 2024
Listed for Rent
$360/w
06 Nov 2019
  • 24 Apr 2024
    Sold for $470,000
  • 14 Nov 2023
    Listed for Sale $499,000 to $510,000
  • 02 Dec 2020
    Sold for $460,000
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About Fairfield 3078

The size of Fairfield is approximately 3.5 square kilometres. It has 22 parks covering nearly 43.5% of total area. The population of Fairfield in 2011 was 5,946 people. By 2016 the population was 6,556 showing a population growth of 10.3% in the area during that time. The predominant age group in Fairfield is 30-39 years. Households in Fairfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fairfield work in a professional occupation. In 2011, 58.8% of the homes in Fairfield were owner-occupied compared with 54.4% in 2016.

Fairfield has 4,254 properties. Over the last 5 years, Houses in Fairfield have seen a 18.63% increase in median value, while Units have seen a 18.59% increase. As at 31 October 2024:

  • The median value for Houses in Fairfield is $1,758,447 while the median value for Units is $696,480.
  • Houses have a median rent of $750 while Units have a median rent of $445.
There are currently 12 properties listed for sale, and 13 properties listed for rent in Fairfield on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Fairfield.

Suburb Insights for Fairfield 3078

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.