49 Baker Street, Richmond VIC 3121

3 bed house, 1 bath | Richmond blue-chip location | 403sqm land parcel | off-street parking for 2 A three-bedroom house on over 400 square metres in inner Richmond is a rare configuration, and this property’s primary competitive strength is its land-to-improvement ratio. The single bathroom is a constraint, but the 403sqm block offers genuine redevelopment or renovation upside in a tightly held suburb. This property is best suited to a buyer seeking land-backed value over finished presentation, with the flexibility to hold, improve, or develop. The principal risk is the outdated single-bathroom layout, which limits immediate family appeal and may require capital to modernise. However, the land size and off-street parking create a commercial logic for a strategic buyer: renovate to unlock equity, or hold for long-term land appreciation in a location where standalone houses are scarce. This property should be acquired for its land content and held as a core inner-city house.