20 Gibson Street, Richmond NSW 2753

This enviably located property is situated in a wide, quiet cul-de-sac at the heart of Richmond, presenting a rare opportunity on a substantial 714.5 square meter landholding with R3 Medium Density Residential zoning, subject to council approval. This precinct zoning signals potential for increased housing density, making the site particularly attractive to developers, investors, or builders seeking to capitalize on future redevelopment possibilities.

The existing residence currently generates steady income, being leased at $660 per week to tenants keen to stay. This combination of immediate rental return with long-term development prospects offers flexibility for a range of buyers, from those looking for a reliable investment to owners considering renovation or redevelopment.

• A generous land area of over 700sqm enhances the property's versatility for future use.
• R3 zoning allows for medium-density residential projects, encouraging thoughtful development whilst respecting the region’s character.
• The home provides comfortable living with three built-in bedrooms, including a main bedroom with an ensuite bathroom, supporting a practical family lifestyle.
• Spacious communal areas such as the lounge and dining room feature air conditioning, ensuring comfort year-round, with a separate meals area connected to the kitchen to support day-to-day family living and entertaining.
• Additional external benefits include a detached garage, a carport, plus a rear studio with a toilet, catering for hobbies, home office needs, or extra accommodation.
• The established backyard and covered entertaining area offer private outdoor space ideal for relaxing or social gatherings.
• Location convenience is notable, with attractions such as Richmond Marketplace, public transport hubs, educational institutions including TAFE and Western Sydney University’s Hawkesbury campus all within easy reach.

The property’s dual appeal as an immediate income generator and a potential development site makes it a compelling choice for diverse buyer types. Whether retaining the existing home, upgrading it, or exploring redevelopment options, the site offers an advantageous blend of location, size, and zoning flexibility in central Richmond.