1/97 Grange Road, Fairfield VIC 3078

Setback street position | single-level villa on 485sqm | walk to station and village | scope to update without overlays This property occupies a rare position in Fairfield: a single-level villa on a full 485sqm lot with no bushfire, flood, or heritage constraints. The floorplan is straightforward—two bedrooms, one bathroom, a lock-up garage—but the lot size and setback from Grange Road are what separate it from typical units in the area. For a first-home buyer or downsizer, the appeal is immediate access to Station Street Village and Fairfield station without the strata complications of an apartment. For an investor, the rental range of $545–$635 per week sits comfortably against the asking guide, and the land component insulates against depreciation in a way that a standard unit cannot. The property is liveable now but offers clear headroom for value uplift through renovation. The main risk is the lack of recent comparable sales within 2km, which makes precise valuation difficult and may slow resale in a flat market. The existing interior is functional but dated, meaning a buyer should budget for cosmetic updates if aiming to maximise equity. On the opportunity side, the absence of planning overlays and the generous rear courtyard allow for extension or subdivision potential, subject to council approval. The NBN Hybrid Fibre Coaxial and 5G coverage are practical bonuses but not primary drivers. Hold this property as a low-maintenance base in a tightly held suburb, or renovate gradually to unlock capital growth without overcapitalising for the street.