FOR SALE
$2,000,000 - $2,200,000

1-6/71 Lord Street
Richmond VIC 3121

Bedrooms: 8
Bathrooms: 6
Car spaces: 6
Land area: 428m2
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Auction Time
Thu 28 Nov 12:30 pm
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Prime Site, Redevelopment of Block of Flats or Investment Opportunity - Your Choice!

Welcome to 71 Lord Street, Richmond - a rare chance to secure an entire block of 6 well-maintained flats, all fully leased, offering potential as a future development site or exceptional investment opportunity, situated in one of Melbourne's most vibrant and sought-after locations. Ultimate flexibility with a three street frontage area of 428m2.
The mix of 4x1 and 2x2-bedroom units includes carparking for all, with additional common areas that may be included in future designs. Currently on one title.
Key Features:
- Entire block of 6 fully leased apartments
- All units include a dedicated car space
- Mixture of 4x1 and 2x2-bedroom apartments
- Low-maintenance interiors, ideal for investors
- 428m2 with 3 street frontage
Located in the heart of Richmond, just minutes from bustling Swan Street, public transport, and the CBD, this property is ideally positioned
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Property Details for 1-6/71 Lord St, Richmond

1-6/71 Lord St, Richmond is a 8 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 428m2. The place is currently for sale with Meadows Property Group.

Building Type
BlockOfUnits
Land Size
428m2

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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% 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, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

Richmond has 22,163 properties. Over the last 5 years, Houses in Richmond have seen a 13.68% increase in median value, while Units have seen a -0.18% decrease. As at 30 September 2024:

  • The median value for Houses in Richmond is $1,408,440 while the median value for Units is $611,438.
  • Houses have a median rent of $775 while Units have a median rent of $575.
There are currently 64 properties listed for sale, and 60 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 919 properties were sold in the past 12 months in Richmond.

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Greg Meadows
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Georgie Brown
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Meadows Property Group
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