2/22 Gauvin St, Richmond Hill is a 5 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 2023m2.
Investors this property has huge potential. Positioned on a 2023m2 allotment with potential to subdivide or build more units on vacant land with shed.
Two masonry block units currently returning $550pw and offer the following features.
Unit 1 - Offers 2 Bedrooms and returns $200pw
Unit 2 - Offers 3 bedrooms and returns $350pw
Open plan living area with split system air-conditioning and well-appointed kitchen with electric stove, excellent bench space, corner pantry
3 Bedrooms - 2 with box air-con
Bathroom has a tiled shower recess, vanity, linen cupboard and separate toilet
Enclosed laundry offers plenty of space for storage
Front patio and adjoining carport
Fenced back yard
Additional vacant land offers a 3 bay shed and garden shed
Perfect for the astute investor with endless possibilities to improve.
The size of Richmond Hill is approximately 4.3 square kilometres. It has 11 parks covering nearly 7.4% of total area. The population of Richmond Hill in 2011 was 2,775 people. By 2016 the population was 2,484 showing a population decline of 10.5% in the area during that time. The predominant age group in Richmond Hill is 10-19 years. Households in Richmond Hill are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richmond Hill work in a professional occupation. In 2011, 61.1% of the homes in Richmond Hill were owner-occupied compared with 57.8% in 2016.
Richmond Hill has 1,013 properties. Over the last 5 years, Houses in Richmond Hill have seen a 51.33% increase in median value, while Units have seen a 6.66% increase. As at 31 October 2024:
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