40 Gillies St, Fairfield is a 4 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 1621m2.
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.
The size of Fairfield is approximately 3.5 square kilometres. There are 22 parks, covering nearly 43.5% of the 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 4,213 properties. Over the last 5 years, Houses in Fairfield have seen a 3.53% increase in median value, while Units have seen a -10.04% decrease. As at 30 April 2026:
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