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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Richmond VIC 3121
New Listings (last 30 days)
25
Average price
$1,575,200
Lowest price
$800,000
Highest price
$3,250,000
Other properties in this postcode

5 Lightfoot Street, Richmond VIC 3121

Expressions Of Interest $1,450,000 - $1,550,000

Listed: 56 days ago
Overview

Set on a substantial 480 square metre block in a sought-after Richmond cul de sac, this mid-century classic offers a distinctive lifestyle proposition by blending serene leafy surrounds with inner-city convenience. The property stands on land once part of the historic Richmond Racecourse, providing a rare connection to the area's rich heritage.

This sizeable parcel invites both immediate comfortable living and future potential for redevelopment or transformation, appealing to families seeking space or investors eyeing a strategic location close to established amenities and transport links. The residence features four spacious bedrooms, a single bathroom, and generous parking with two car spaces, supporting a range of household needs.

The layout positions the main bedroom and a third bedroom on the ground floor, with two additional bedrooms upstairs along with a versatile landing area that could serve as a retreat or home office. The kitchen and living spaces flow to an open, sunlit backyard, facilitating family interactions and potential outdoor improvements.

Residents benefit from proximity to quality schools such as Hawthorn West Primary and Trinity Catholic School, as well as numerous parks and local shops, all within walking distance. The property’s location and size present a compelling opportunity for modernisation or redevelopment in a premium inner suburban setting.

  • Large, established block offering scope for redevelopment
  • Classic 1940s architecture with solid bones and good natural light
  • Flexible living accommodation including potential for study or retreat area
  • Established cul de sac location close to transport, schools and dining precincts

This home will suit buyers looking to embrace Richmond's vibrant lifestyle while enjoying a property with genuine depth and future potential.

Local Market Insights

In Richmond, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $1,575,200. The property type mix of listed properties is predominantly Houses at 43%, followed by apartments (32%), and townhouses (15%). The most active agency for houses in the Richmond area is currently Jellis Craig, representing 52% of new listings, followed by RT Edgar with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.