1-8/117 Rathmines StreetFairfield VIC 3078
Property Details for 1-8/117 Rathmines St, Fairfield
1-8/117 Rathmines St, Fairfield is a 10 bedroom, 8 bathroom Unit with 8 parking spaces.
Last Listing description (December 2023)
In sought after Fairfield this is a rare lucrative investment opportunity to secure a block of eight apartments close to Station Street Village on one title. On a large, underdeveloped allotment (805m2 approx.*) it boasts an ideal location that is convenient for tenants with future potential for expansion (STCA). With a strong rental history all are securely leased and comprise 2 two-bedroom and 6 one-bedroom apartments providing a diversified income stream.
Well presented, each apartment is equipped with separate kitchens, ceiling fans, bathrooms & laundry facilities, and a car space ensuring a comfortable living experience for tenants. This is your chance to secure an income-generating asset with immense potential. In an excellent location close to shops, cafes, Fairfield Station, parklands, and river trails.
Property History for 1-8/117 Rathmines St, Fairfield, VIC 3078
- 25 Sep 2023Listed for Sale Under Offer
Recent sales nearby
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0About 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 2016 was 6558 people. By 2021 the population was 6535 showing a population decline of 0.4% 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 over $4000 per month on mortgage repayments. In general, people in Fairfield work in a professional occupation.In 2021, 56.60% of the homes in Fairfield were owner-occupied compared with 54.40% in 2016.
Fairfield has 4,218 properties. Over the last 5 years, Houses in Fairfield have seen a 21.26% increase in median value, while Units have seen a 11.49% increase. As at 31 January 2026:
- The median value for Houses in Fairfield is $1,896,331 while the median value for Units is $669,516.
- Houses have a median rent of $650 while Units have a median rent of $480.
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