8-10 Diprose Street, FAIRFIELD, New South Wales, 2165

  • 6
  • 6
  • 6

Sold

Sold

Investment Opportunity - $78,000 rent per annum with development upside

Raine & Horne has listed this truly once in a lifetime investment opportunity, located close to shops, schools, transport and the Fairfield CBD these properties are perfectly positioned to take advantage of the future growth Fairfield will see in the coming years.

2 houses being sold in online, the properties sit on approximately 696m each of land giving you a total area of 1,392m with a frontage over 30m.

Each home consists of 3 × 1 bedroom units, each with their own kitchenette and bathroom facilities.

In total you have 6 × 1 bedroom units across the 2 properties and all have been leased to long term tenants at $250 per week, totalling $78,000 per annum.

The strong rental return and future growth of Fairfield makes this one the best investment opportunities on the market.

The homes are positioned to allow the addition of new granny flats (STCA) making it an even stronger investment long term.

There are also other development options such as duplexes, child care centre and even an over 55’s development (STCA)

This would make the ideal investment or potential purchase in your Self Managed Super Fund!

We Know Your Area

R&H Suburb Profile: Fairfield

R&H Suburb Summary Houses
Number of sales 88
Average Price $830,091
Median Price $706,500
Median Rental Price $460 p.w.
Change in Rental Rate (5yr) 10 %
R&H Suburb Summary Units
Number of sales 97
Average Price $409,837
Median Price $412,500
Median Rental Price $370 p.w.
Change in Rental Rate (5yr) 6 %
Fairfield, NSW - Median Trend