43 Sparks Avenue, Fairfield VIC 3078
43 Sparks Avenue, Fairfield VIC 3078
3-bed detached house | 364 m² block | established Fairfield street | family zoning | solid inner-north demand
The property’s core strength is its detached house form on a 364 m² block, which offers more land and privacy than the townhouse stock common on this street. It sits in an established inner-north suburb with consistent family demand, positioned within walking distance of Fairfield Village, parks, and public transport. The zoning for Fairfield Primary and Thornbury High schools adds everyday utility. This house is best suited to a first-home buyer or small family seeking a solid entry into a well-located suburb, rather than an investor chasing yield or a buyer wanting a finished premium product.
Value may be shaped by the condition and renovation level; a dated interior might require budget for updates, while fresh presentation could lift buyer interest. The 364 m² block is useful but not large, so extension potential may be limited. The street’s mixed residential-industrial character in parts might temper perception even where the immediate location is comfortable. These factors should be weighed when forming a price view.
>> Comparable Sales: 17 Sparks Avenue sold $1.46M in 2024; 13A Sparks Avenue estimated $1.54M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition, street presence
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Sparks Avenue, Fairfield VIC 3078
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Fairfield is an established inner-suburban market where character housing, culture and convenience attract families and professionals. Median house prices sit near $1.8 million, with annual growth estimates varying from 6.1% to 12.5% across sources; quarterly movements show a sharper 15.6% decline, indicating volatility. Houses sell in roughly 34 to 74 days, while annual sales volume is thin at 55–63 properties, reinforcing a low-turnover, tightly held market. The unit segment is weaker: median values range from $493,000 to $740,000 and annual growth is negative, between 7.5% and 18.9%, with quarterly falls also recorded. Gross rental yields are modest for houses at 2.3–2.8%, while units offer firmer returns around 4.3–4.5%. Weekly house rents vary from $650 to $850 and unit rents from $460 to $480. Transport access via local roads, stations and nearby suburbs such as Alphington, Northcote and Kew supports demand, but affordability constraints, rate sensitivity and inconsistent price momentum remain key risks, particularly for units.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
364m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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