1/6 Ridge Place, Richmond NSW 2753
1/6 Ridge Place, Richmond NSW 2753
Large 932m² parcel | 467m² built footprint | 3 bed, 2 bath, 2 car | 5G coverage, no NBN detected | Residential, no overlays flagged
This is a substantial detached house on a genuinely large block, with a built form covering roughly half the site—far more intensive than typical Richmond stock. The configuration suits a buyer wanting space without renovation risk: three bedrooms, two bathrooms, double garage, and a footprint that already delivers generous internal volume. The parcel size offers real flexibility, whether for extended family living, a future granny flat (subject to approval), or simply outdoor room rarely found on standard suburban lots. The property sits in a well-established suburb with schools, transport, and a town centre nearby, making it a strong fit for owner-occupiers seeking long-term space, or investors targeting yield plus land appreciation. The absence of bushfire or flood overlays adds to its appeal as a straightforward residential holding.
The value picture may hinge on the property’s condition and internal presentation, which remain unverified. The lack of detected NBN connection could be a practical drawback for remote workers, though 5G coverage partially offsets this. The mixed database records—showing both a lower strata estimate and a higher parent-property figure—suggest some caution around the official valuation, but the large land component and built form should anchor price stability. Rental estimates around $740 per week imply a gross yield between 3.3% and 4.3%, depending on which figure is used, which is reasonable for a house of this scale. Buyers might weigh the redevelopment potential of the oversized block, as nearby zoning flexibility suggests some upside, but the absence of confirmed build age or materials means condition-based pricing adjustments are likely.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/6 Ridge Place, Richmond NSW 2753
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Richmond, in Sydney’s northwest, is a house-dominated market positioned around its rail line, bridge access, and local school catchment, drawing families and investors. Demand is underpinned by solid growth: house values have risen near 8% annually to about $975,000–$980,000, while units climbed 10.77% to $720,000. Houses spend roughly 54 days on market, with 74 sales a year, signalling active but not overheated turnover. Rental conditions are firm, with median house rents at $640 weekly and units at $530, yet gross yields remain modest at 3.48% and 4.21% respectively. Future growth relies on continued transport connectivity and infrastructure, though affordability is a real constraint—median prices sit well above what local incomes support—and limited supply could amplify sensitivity to rate moves.
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PropCred Estimated Value
Comparable Sales: 4 bed at 6 Grose Street, Richmond (598m², R3 zoning) sold near $1.1M | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, built footprint, rental return potential
Bedrooms
3
Bathroom
2
Parking
2
Land
932m²
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