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384 Church Street, Richmond VIC 3121

$3,100,000 - $3,400,000

Search Band Search Visibility Band

$3M - $3.25M High Confidence Calculated based on strong search observations.

House 8 Beds 2 Baths 5 Cars 384 m²

Listed: 2 days ago

Overview

This distinguished c.1885 Victorian mansion, situated in the esteemed Richmond Hill precinct, offers a rare chance to craft a premier estate on a substantial 384sqm corner block with triple frontage and coveted northern orientation. The property's triple street exposure not only ensures abundant natural light but also enhances its commanding street presence and accessibility.

Marked by soaring ceilings and historical period detailing, the grand residence embodies the area's prosperous heritage. Its nine principal rooms are gracefully connected by an impressive central staircase, providing a versatile foundation for restoration into a prestigious family home exuding both luxury and character. There is potential for combined residential and commercial use subject to council approval, adding to the home's prospective flexibility.

Complementing the main mansion is a self-contained former stables residence that immediately benefits owners by offering independent accommodation or rental income potential. This elegant living space features contemporary open-plan living and dining areas, polished floorboards, a stainless steel kitchen, an upper-level bedroom, bathroom, a second living area, and private gated access via Gipps Street. Outdoor amenities include an al-fresco deck and an expansive bluestone courtyard, seamlessly linking the two residences and providing secure parking for up to five vehicles.

The property's outdoor deck area affords excellent options for entertaining, ideal for social gatherings or relaxation in a tranquil setting. Its location offers proximity to dynamic Swan Street, the MCG, Melbourne Park, renowned schools, and the Yarra River, alongside efficient city transport links, presenting a lifestyle rich in convenience and vibrancy.

This offering is uniquely suited to those with vision and appreciation for Victorian grandeur looking to establish a landmark estate or diversify investment holdings within Melbourne’s highly sought-after inner city. The combination of historic charm, redevelopment potential, and prime location makes it an exceptional opportunity with lasting appeal.

Local Market Insights

In Richmond, Quiet Listings observed 18 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 $1,508,139. The property type mix of listed properties is predominantly Apartments at 46%, followed by houses (40%), and commercial properties (10%). The most active agency for houses in the Richmond area is currently RT Edgar, representing 44% of new listings, followed by Jellis Craig with 33%. 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.