Renovate OR Rebuild | 740 SQM Block with Laneway Access

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41 Faithfull Street, Richmond NSW 2753

Guide $900,000 | Auction 5th November

Search Band Search Visibility Band

$900k - $990k Low Confidence Calculated based on limited search observations.

House 3 Beds 2 Baths 2 Cars 740 m²

Listed: 13 days ago

Updated: 7 hours ago

Overview

This property offers a rare opportunity in Richmond’s highly sought-after Faithfull Street, marking its first market availability in nearly four decades. Sitting on a spacious 740 sqm block with the advantageous feature of rear laneway access, it promises considerable potential for renovators and builders aiming to craft a personalized living space or embark on redevelopment plans subject to council approval.

The existing home, a brick veneer structure, accommodates three bedrooms and two bathrooms, complemented by separate living and dining areas and a kitchen with views of the rear yard. Its internal walls have been stripped back to the timber frame, presenting a blank canvas for imaginative refurbishment and style customization.

The level block’s generous frontage of approximately 20.4 metres, coupled with its R2 Low Density Residential zoning, enhances the scope for prospective buyers to either renovate the current residence or explore rebuilding possibilities, capitalizing on the laneway access for functional convenience.

This property appeals particularly to those seeking a location that combines residential tranquility and future growth potential, ideal for families or individuals with a vision to create their dream home in a prized neighborhood of Richmond.

Local Market Insights

In Richmond, Quiet Listings observed 14 new houses entering the market over the last 30 days, down from 20 during the previous 30-day period, with an average advertised asking price of $1,417,643. The property type mix of listed properties is predominantly Houses at 78%, followed by villas (9%), and land (4%). The most active agency for houses in the Richmond area is currently Bennett Property, representing 21% of new listings, followed by Ray White with 21%. 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.