3 Rogers Street, Richmond VIC 3121
3 Rogers Street, Richmond VIC 3121
Period terrace shell | Walk to Bridge Road retail | Tight land holding | High buyer competition | Renovation potential
This property offers a rare period terrace in a tightly held inner-city pocket, where original character and compact scale appeal to owner-occupiers seeking a hands-on renovation project. Its position places everyday amenity within a short walk, and the surrounding streets are known for consistent demand from professional couples and small families who prefer period detail over new apartment living. For the right buyer, this property provides a clear opportunity to add value through careful modernisation while retaining its heritage bones. It sits comfortably in a market segment where well-executed renovations tend to hold longstanding appeal and resale liquidity is reliable.
Value may be shaped most by the structural condition of the original building and the effective land footprint. The current layout might offer less flexibility than a renovated equivalent, so a buyer should weigh the cost of upgrades against the premium achieved by more finished properties. Market sentiment for period terraces in this corridor remains steady, but the final price may depend on presentation and how the property compares with direct competition. Off-street parking and natural light could also influence outcomes, as these are often decisive factors for terrace buyers here.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Rogers Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Richmond is an inner-suburban market driven by young professionals and childless couples, with professional occupations dominant. House prices are broadly flat: medians range from $1.31m to $1.46m, with annual growth between -1.08% and +0.36%. Units are firmer, with medians around $518k–$640k and growth up to 4.92% in one series. Houses sit on the market 26–47 days; units sell faster at 26 days. Rental yields are modest for houses at 3.26–3.52%, stronger for units at 5.17%. Weekly rents for houses vary widely from $760 to $1015; units $595–$680. Sales volumes are solid at 292–318 houses annually. Future supply and connectivity improvements include the $1.5bn Richmond–Flinders Street corridor and Burnley TAFE redevelopment. Key constraints include high mortgage debt and flat house price growth, which could cap near-term capital gains.
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PropCred Estimated Value
Comparable Sales: 33 Rotherwood Street $6.35M | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, land size, layout
Bedrooms
3
Bathroom
2
Parking
2
Land
122m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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