2/41 Fulham Road, Alphington VIC 3078

1-bed unit in Alphington | 45sqm compact footprint | Fairfield Primary zone | 5G ready | shared land 809sqm This unit’s strongest buying case is its position within a nine-property complex on a generous 809sqm parcel, which gives a single-bedroom apartment uncommon access to shared land value in a tightly held Alphington pocket. The Fairfield Primary and Thornbury High zoning adds structural demand from families seeking a foothold in the school catchment without a full house budget. At 45sqm it is compact, but the inclusion of one car space and the building’s low-rise character means it competes less with high-density stock and more with older walk-ups, where scarcity drives tenant retention. It suits an investor prioritising yield over capital growth or a downsizer wanting single-level living near the Yarra and Station Street amenities. The primary risk is the 2013 purchase price of $305,000, which suggests limited renovation or repositioning has occurred, meaning the unit may need updating to hold current rent levels against newer supply. The 809sqm shared land is an opportunity only if the building’s owners’ corporation can unlock density upside, which is speculative and long-dated. For a buyer, the commercial logic is to acquire at or below the $393,000–$425,000 range, hold for steady rental demand from the school zone, and treat any capital gain as a tailwind rather than the thesis. Use this unit as a low-maintenance income strip in a stable corridor.