5 East Market St, Richmond is a 4 bedroom, 3 bathroom House with 6 parking spaces. The property has a land size of 543m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Located in the heart of Richmond is this multi income property currently returning $101,000 per annum with scope for further returns.
Separated between ground floor commercial space of 390m2 plus mezzanine and 1st floor 2x2 bedroom residential apartments.
537sqm block of land with off street parking for 6 cars with B2 zoning
Ground floor:
Approximately 390sqm of open plan floorspace
Mezzanine floor
Bathroom facilities
Roller door access
Long term tenant in place returning $65,000pa
First floor:
2 X 2 bedroom apartments
Open plan living areas
Airconditioned
Always rented currently $36,000 pa with scope for increases
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 3,127 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:
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