FOR SALE
$1,100,000 - $1,150,000

1&2/22 Conrad Street
Richmond NSW 2753

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 771m2
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RARE INVESTMENT & DEVELOPMENT OPPORTUNITY

First time offered for sale in 48 years, this tightly held property featuring 2 x two bedroom duplexes on a massive 771 SQM block is zoned R3 Medium density and in a highly convenient location only moments to the centre of town and all amenities.
A proven quality investment, potential market rent $900+ per week.
Develop now or develop later, offering potential for 3 townhouse construction as the property offers similar dimensions to nearby property at 26 Conrad Street, currently occupying 3 x (4 Bedroom | 2 Bathroom | 2 Car Garage) townhouses. (STCA)
HIGHLIGHT FEATURES:
• First time offered for sale in 48 years
• 2 x two bedroom duplex's with double garage at the front of complex
• Potential market rent: $900+ per week
• Massive 771 SQM Block with approximately 19.2m frontage
• Zoned R3 Medium Density
• Development potential for 3 townhouses (STCA) – similar dimensions to 26 Conrad Street
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Property Details for 1&2/22 Conrad St, Richmond

1&2/22 Conrad St, Richmond is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 771m2. The place is currently for sale with Peek Property Group.

Building Type
House
Land Size
771m2

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About Richmond 2753

The size of Richmond is approximately 29.9 square kilometres. It has 19 parks covering nearly 4.4% of total area. The population of Richmond in 2011 was 5,273 people. By 2016 the population was 5,482 showing a population growth of 4.0% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 52.1% of the homes in Richmond were owner-occupied compared with 51.2% in 2016.

Richmond has 3,128 properties. Over the last 5 years, Houses in Richmond have seen a 51.27% increase in median value, while Units have seen a 30.51% increase. As at 31 October 2024:

  • The median value for Houses in Richmond is $901,706 while the median value for Units is $612,057.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 30 properties listed for sale, and 13 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Richmond.

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Steve Sekulovski
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