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48 Paget Street, Richmond NSW 2753

FOR SALE

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$950k - $1M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 2 Cars 607 m²

Listed: 9 hours ago

Overview

This charming weatherboard cottage offers a blend of character and comfort set upon a spacious 607sqm fully fenced block, perfectly positioned in the heart of Richmond. Its generously sized living areas are accentuated by warm timber floors and lofty ceilings, creating a welcoming ambiance enhanced with modern comforts such as a split-system air-conditioner to ensure year-round comfort.

The kitchen, updated with practical storage solutions and a dishwasher, caters efficiently to everyday culinary needs, while the two-way main bathroom provides both a shower and a bathtub for convenience and relaxation. A notable feature is the spacious study, offering versatility to function as a dedicated home office or potential fourth bedroom, complementing the three established bedrooms. Additional practicality is evident in the extra toilet located within the laundry area.

Externally, the property benefits from convenient side access to a double garage, complemented by two bonus rooms that provide ample storage or versatile space ideal for guest accommodation or a home office setup. Off-street parking is abundant, supporting the lifestyle of families or professionals requiring space for multiple vehicles or hobbies.

Of particular interest to developers and investors is the property's R3 zoning, allowing for medium-density development options subject to council approval (STCA). Currently leased at $720 per week, with an expired lease, the tenants are flexible regarding possession, offering immediate investment potential or future owner occupancy.

Situated within walking distance to Richmond train station, shopping precincts, local schools, parks, and medical facilities, this location provides excellent convenience without compromising on the tranquility of a well-established residential area. The property will appeal to those seeking a distinctive home with character and space in a thriving community, as well as investors and developers considering its zoning and development opportunities.

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.