Overview
Situated in one of Richmond's most sought-after pockets, this property occupies a generous 412sqm north-facing allotment, offering a unique blend of opportunity and location. The flat land provides a practical canvas for renovation or redevelopment, catering to diverse ambitions including subdividing into two titles, constructing separate dwellings, or fashioning a bespoke luxury residence (subject to council approval).
Beyond its development potential, the existing home includes three bedrooms and a bathroom, centered around a spacious living area that extends to a sizeable backyard. This layout offers immediate functionality while presenting prospects for enhancement or expansion.
Positioned within easy walking distance of Victoria Gardens Shopping Centre and the vibrant retail and dining strips of Victoria Street and Bridge Road, this location promises both convenience and lifestyle. Proximity to public transport options, including trams, further enhances accessibility, making daily commuting effortless.
Families will appreciate the zoning for reputable schools including Richmond High School, Melbourne Girls College, and Yarra Primary School. The inclusion of off-street parking via a side driveway adds practical ease for residents.
- Exceptional redevelopment potential on an expansive flat block.
- Prime location near shopping, dining, and public transport.
- Zoned for multiple renowned schools.
- Spacious backyard and off-street parking enhance lifestyle and convenience.
This property will appeal to investors, developers, and homebuyers seeking flexibility in a coveted suburb offering strong future growth prospects and lifestyle benefits. Flexible settlement terms present additional opportunity to tailor to buyer needs.
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.