55 Kent Street, Richmond VIC 3121

55 Kent Street, Richmond VIC 3121
4 bed | 2 bath | 323sqm land | Richmond school zone | renovated family house The property presents a rare configuration for Richmond,four bedrooms on a single level with a generous 323sqm lot, which is unusual in this tightly held inner-suburban market. The dual garage and carport combination provides four off-street spaces, a significant advantage over the typical terrace or apartment offering. Zoning into Yarra Primary School and Richmond High School adds a structural demand layer that supports long-term value retention. The 7.0 energy rating and recent updates (floorboards, ducted heating, alarm system) reduce immediate capital outlay for a buyer seeking a move-in ready family home. The primary risk is the discrepancy in recorded bedrooms and bathrooms across sources, which may indicate an unapproved layout change or a need for title verification. The single living area limits flexibility for larger families or those wanting separate zones, and the 46% site coverage suggests limited scope for further extension without planning approval. The Domain value range of $1.28mโ€“$1.68m implies the current listing sits near the upper bound, so buyers should benchmark against the October 2024 sale price and recent comparable like 35 Little Kent Street. Hold as a long-term family residence or consider a light renovation to add a second living area if the floorplan allows.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 55 Kent Street, Richmond VIC 3121
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Market Insight:

Richmond is a suburb undergoing significant urban renewal, attracting a young professional demographic with its high-density living and major infrastructure projects. Demand is driven by childless couples and professionals, creating a robust market where units are transacting faster than houses. Recent price trends show stability in houses but stronger momentum in the unit sector. Future growth is anchored by substantial public transport upgrades and precinct revitalisations, though the market’s sensitivity to mortgage costs remains a consideration given the high proportion of indebted owners.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

323mยฒ

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