250 Ware Street, Fairfield Heights NSW 2165

R3 zoned 765sqm | 6 bed 3 bath with granny flat | 750m to Fairfield Heights CBD | Development upside in established street This property’s primary buying case rests on its R3 zoning and 765sqm block, which together offer a rare combination of immediate dual-income potential and medium-density redevelopment optionality. The self-contained granny flat provides rental income while holding costs are covered, and the main residence’s four bedrooms suit a family or investor seeking space. Its proximity to the Fairfield Heights CBD and transport makes it well-positioned for future demand, and the street’s established character with 59 properties suggests stable local market conditions. This property best suits a developer or investor who can hold for medium-term uplift, or a family wanting a home with income assistance. The main risk is the auction format with a low-confidence price band, which may attract aggressive bidding from developers given the zoning, potentially pushing the final price above a prudent entry point. The lack of recent comparable sales and no floor plans available online adds uncertainty in valuation, requiring careful due diligence on site. However, the R3 zoning itself is a structural advantage in a tightening supply environment, and the granny flat offsets holding costs. The buyer should inspect thoroughly, secure a building and pest report, and set a firm limit based on comparable land values rather than aspirational development yields. Hold for rental income and rezone upside, or develop when the market aligns.