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425 Burnley Street, Richmond VIC 3121

$2,200,000 - $2,400,000

Search Band Search Visibility Band

$2.2M - $2.3M High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 2 Cars 731 m²

Listed: 12 hours ago

Overview

This property features a generous landholding of approximately 731 square metres, offering a remarkable 30-metre frontage in one of Richmond’s most desirable lifestyle areas. The substantial parcel of land presents a unique opportunity for a variety of buyers, whether looking to renovate the existing solid home, develop a contemporary residence, or explore multi-dwelling redevelopment options (subject to council approval).

Its location is a standout attribute, placing residents within easy reach of a vibrant array of dining options along Swan Street, as well as the convenience of Burnley Station and the scenic Yarra River and nearby parklands. The proximity to the CBD and M1 freeway enhances accessibility for professionals and commuters alike.

The existing home provides a sound foundation, with three spacious bedrooms and a centrally located bathroom equipped with a bathtub, complemented by a separate toilet. While functional as is, the property is primed for customization to suit modern tastes and requirements.

Practical aspects include a strong street presence marked by a solid brick fence with pedestrian and vehicle gates, and secure off-street parking facilitated by a double garage and crossover driveway, with space to accommodate multiple vehicles. Such features add to the convenience and security of daily living.

Overall, the property’s scale, street frontage, and location combine to offer significant potential for families, developers, and investors intent on creating a bespoke home or capitalizing on redevelopment possibilities within a tightly held inner-city precinct.

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.