78 Gillies Street, Fairfield VIC 3078
78 Gillies Street, Fairfield VIC 3078
Period corner shop conversion | deep block with 6m ceilings | zoned for Fairfield Primary and Thornbury High | auction in three weeks
This property occupies a rare position in Fairfieldโs market. Its corner-shop origins give it a floor plan that breaks from the standard terrace layout โ the 198mยฒ building sits on a 302mยฒ block with only 66% coverage, meaning the rear garden is genuinely usable and not a token strip. The 6m roof height and pressed-metal ceilings are structural features that cannot be replicated in new builds, and they create a sense of volume that drives buyer preference in this price tier. For a family or professional couple looking at Fairfieldโs median of $1.9m, this house offers entry below that figure with a layout that can flex between three and four bedrooms. The school zoning is a concrete advantage for resale, not just amenity.
The single bathroom is the clearest constraint โ it limits appeal to downsizers and investors targeting sharers, and will be raised at every inspection. The carport is narrow by current standards, and the 2013 purchase price of $915,000 means the vendor holds low cost base, which may translate to firm negotiation at auction if bidding stalls below $1.65m. The absence of heritage or flood overlays removes two common friction points for renovation or extension, and the Darebin planning scheme allows for a sensitively designed rear addition if a buyer wants to add a second bathroom later. Hold this property as a period home with garden space in a school-zoned pocket, and let the marketโs structural undersupply in Fairfield do the work.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 78 Gillies Street, Fairfield VIC 3078
Market Insight:
Fairfield is positioned as a character-filled suburb attracting families and professionals seeking culture and convenience. Demand is driven by this demographic, drawn to its established appeal. Recent market conditions show strong house price growth, though unit values have softened, indicating a divergent market. Future growth is underpinned by its enduring appeal and transport links, yet key risks include the volatility in the unit sector and sensitivity to broader market shifts.