OFF MARKET

40 Gillies Street
Fairfield VIC 3078

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1621m2
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Property Details for 40 Gillies St, Fairfield

40 Gillies St, Fairfield is a 4 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 1621m2.

Building Type
House
Year Built
1950
Land Size
1621m2
Local Government
Darebin

Last Listing description (August 2021)

A once in a lifetime opportunity exists here to secure this stunning blue chip block right on the cusp of Melbourne's CBD! This rare land holding with two 20.1 meter frontages and a depth of 80.4 meters (approx.) is the perfect offering for development (STCA). With the rarity of two frontages and two addresses located at 40 Gillies Street and 37A Rathmines Street, it's position just a stone's throw to Fairfield Village shopping and Fairfield Station is simply brilliant.

Located in the GRZ2 zone, there is so much you can do with this dual frontage expansive allotment. Flexibility for a retirement village development, or to transform the current property into a sleek and bespoke apartment complex, while there is also the opportunity to build multiple townhouses (all STCA). You could even utilise the large land to build the home of your dreams (also STCA), while there is the prospect of renovating the current dwelling.

You'll never tire of having such easy access to Fairfield Village shopping strip which promises a wide array of restaurants, cafes, and specialty shops. Nearby Fairfield Station allows for a quick and easy commute into the city, while you're also close to the iconic Fairfield Park Boathouse and Tea Gardens, Yarra Bend Park, Alphington Park, Merri Creek Trail, Fairfield Primary School, Northcote High School, trams, buses, and the Eastern Freeway.

Property History for 40 Gillies St, Fairfield, VIC 3078

A timeline of how this property has performed in the market
  • 23 Jun 2021
    Listed for Sale Contact Agent

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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 4,253 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, 158 properties were sold in the past 12 months in Fairfield.

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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.