1 Fairview Street, Fairfield QLD 4103

Flood overlay | 336sqm lot | Queenslander character | 4-bedroom | No recent sales data The flood overlay on this 336sqm lot is the primary risk mechanism — it constrains finance options and may increase insurance premiums by 30–50%, directly reducing resale liquidity. The elevated Queenslander design (7m ground elevation) mitigates actual inundation risk, but the overlay alone will narrow the buyer pool. The opportunity lies in the property’s 124–156sqm building footprint on a corner block with subdivision potential, as evidenced by adjacent lots sharing the same title. This property is best held as a long-term owner-occupier home with optional future subdivision, not a short-term flip. The 4-bedroom Queenslander with polished timber floors, VJ walls, and deep verandahs offers rare character stock in a 336sqm lot size near Junction Park State School — a combination increasingly scarce in Fairfield. The 37% building coverage and 8m roof height allow for rear extensions or dual-living configurations without sacrificing the classic facade. This property suits a buyer who values authentic pre-1915 architecture on a manageable lot within a flood-aware price band, and who can wait for the market to absorb the overlay discount. Next step: obtain flood insurance quotes and a structural survey before bidding, to quantify the overlay’s true cost and strengthen your negotiation position.