4/206 Arthur Street, Fairfield VIC 3078

Ground-floor boutique unit | 40 m² with study alcove | 1 of only 8 in block | 5.5% yield reported | last sold 2020 for $490k This apartment occupies a rare position within a small eight-unit block, offering ground-floor access and a private outdoor space that is uncommon for a one-bedroom unit of this size. The internal layout includes a study alcove and built-in robes, making efficient use of 40 square metres while still feeling functional for a single occupant or couple. Its configuration suits first-home buyers seeking an affordable entry into the inner-north market, as well as investors drawn to the reported yield of 5.5% from a compact, low-maintenance property. The location in Fairfield places it within established school catchments and an area with good connectivity, which supports consistent rental demand. The limited internal area of 40 square metres may constrain its appeal to owner-occupiers who require more space, and the absence of a designated car space or on-site storage could reduce its attractiveness compared to larger units in the area. The last sale price of $490,000 in 2020 provides a reference point, but market conditions have shifted since then, and the lack of recent comparable sales for similar one-bedroom apartments nearby means the current value should be assessed carefully against recent transactions in the broader Fairfield apartment market. The boutique block size and ground-floor position are strengths, but the property’s compact footprint may limit future capital growth relative to larger dwellings in the same suburb.