11/8-10 Ulverstone Street, Fairfield NSW 2165

2-bedroom flat in Fairfield | flood overlay applies | 101m² building | one garage space | part of 2257m² lot This unit offers a functional two-bedroom, one-bathroom layout with a 101m² footprint, a secure garage, and inclusion in a larger 2257m² lot, which provides a rare structural advantage for a buyer seeking a foothold in Fairfield. The flood overlay is the primary risk, as it can constrain financing options and increase insurance costs, and the comparable sale of a similar unit in the same building for $525,000 in July 2025 suggests the current price range is below recent market evidence, indicating potential value if the flood risk is properly assessed. This property best suits an owner-occupier or investor comfortable with the overlay, who can capitalise on the solid building size and location within catchment for Fairfield Public and High Schools. The flood overlay is the key cost, as it may deter some lenders and reduce resale liquidity, but it also limits competition, creating a buying opportunity for those who secure a lower price. The NBN and 5G coverage add convenience but are not prime drivers. The property should be held as a long-term residential investment or owner-occupied home, with the larger lot offering potential for future strata improvements or revaluation if the overlay is managed.