4/197 Lennox Street, Richmond VIC 3121

Prime location | boutique block of 12 | sun-drenched northern aspect | renovated interiors | undercover parking included This apartment occupies a rare position in a small block where quality renovations meet a north-facing treed outlook, creating a light-filled living environment that stands out in Richmond’s unit market. The separate WC, stone kitchen benches and built-in robes signal a thoughtful layout that suits both owner-occupiers and investors seeking low-maintenance appeal. For a buyer, the undercover parking on title and low quarterly owners corporation fees of $1,143 reduce ongoing holding costs while the school zoning adds long-term demand depth. This property best serves a professional couple or downsizer wanting move-in readiness with minimal compromise. The heritage overlay introduces some renovation limitations if future changes are considered, though the current finishes mitigate immediate concern. Auction timing in mid-May places it within a competitive spring-adjacent window where clearance rates for two-bedroom units in Richmond remain strong at 80 percent. The rental potential of $575-$650 per week offers a solid buffer if circumstances shift. Hold this property as a stable residential base or income-producing unit with reliable demand from its location and school catchment.