FOR SALE
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115 Richardson Road
Raymond Terrace NSW 2324

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 3084m2
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MONEY MAKING MACHINE - Development potential

Nestled in the heart of Raymond Terrace, this sprawling four-bedroom house located on Richardson offers a lucrative opportunity for investors seeking to tap into the property market's potential. Boasting a generous land size of 3084 square meters, this property is not just a home; it's a veritable money-making machine.
This charming residence is ideally situated close to local shops, essential amenities, and both public and high schools, ensuring convenience is at your doorstep.
The true allure of this property lies in its development prospects. The expansive block presents a rare chance for subdivision into six individual lots, subject to council approval, thereby multiplying the investment potential manifold. The great side access enhances the property's appeal, providing straightforward entry for future developments or simply to accommodate extra vehicles.
In addition to its four well-proportioned bedrooms and family bathroom, the home includes ample parking spaces for two vehicles, catering comfortably to family life or tenanted living. The large backyard serves as a blank canvas for gardening enthusiasts or offers additional scope for extension or leisure facilities to augment the property's value.
Whether you're looking to capitalize on the current rental market or envisioning a grander scale project, this property is an exceptional find. With its combination of location, size, and potential, this house on Richardson is poised to be a strategic acquisition for the discerning investor.
Disclaimer:
All information contained in this listing is provided to Global Property by the third parties, and is intended as a guide only. No warranty is given as to it's accuracy and purchasers should rely on their own inquiries.

Property Details for 115 Richardson Rd, Raymond Terrace

115 Richardson Rd, Raymond Terrace is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 3084m2. The place is currently for sale with Global Property International - Warners Bay.

Building Type
House
Land Size
3084m2

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About Raymond Terrace 2324

The size of Raymond Terrace is approximately 33.8 square kilometres. It has 27 parks covering nearly 34.7% of total area. The population of Raymond Terrace in 2011 was 12,724 people. By 2016 the population was 12,788 showing a population growth of 0.5% in the area during that time. The predominant age group in Raymond Terrace is 0-9 years. Households in Raymond Terrace are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raymond Terrace work in a trades occupation. In 2011, 58.9% of the homes in Raymond Terrace were owner-occupied compared with 57% in 2016.

Raymond Terrace has 6,667 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 60.72% increase in median value, while Units have seen a 69.34% increase. As at 31 October 2024:

  • The median value for Houses in Raymond Terrace is $552,529 while the median value for Units is $458,193.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 50 properties listed for sale, and 13 properties listed for rent in Raymond terrace on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Raymond terrace.

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Suburb Insights for Raymond Terrace 2324

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Darcy Mercieca
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Global Property International - Warners Bay
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