13/233 Station Street, Fairfield VIC 3078

North-facing first-floor unit | fully refurbished with polished floors | tenanted until mid-2027 at strong yield | walk to station, park, village. This property presents a rare combination of immediate income and future capital growth in a tightly held inner-Melbourne suburb. The north-facing orientation and full refurbishment eliminate deferred maintenance, making it a turnkey holding for investors or a ready home for owner-occupiers after the current lease ends. Its position near Fairfield Station and village retail ensures consistent renter demand, while the garage adds a premium in an area where off-street parking is scarce. The unit suits a buyer seeking a low-management entry point with yield above 5% and a clear path to value uplift through suburb-wide median appreciation. The primary risk is the 896 m² size figure, which is almost certainly a data error and should be confirmed against the title; a true size around 60-70 m² is more realistic and aligns with comparable units. This does not undermine the property’s function but must be verified before exchange. The current tenancy locks in cash flow but delays owner-occupation until mid-2027. The buyer should hold for the lease term, then reassess for personal use or re-lease at market rent, which is likely higher given the refurbishment and location.