16 Tanner Street, Richmond VIC 3121

North-facing terrace with MCG skyline views | Architect-designed 290sqm over 90sqm land | Three full bathrooms plus study-kitchenette | Heritage overlay on a 2009 build The competitive strength of this townhouse lies in its unusual spatial efficiency—290sqm of floor area on a 90sqm lot—combined with a north-facing orientation that delivers genuine city panorama from the living level and main bedroom. For a buyer seeking a lock-and-leave residence with separation of space, the ground-floor room with its own bathroom and kitchenette functions as a discrete guest suite or home office, a configuration rarely found in Richmond townhouses of this era. The property suits a professional couple or small family who prioritise immediate amenity over land banking; the Miele kitchen, ducted climate control, and FTTP connectivity reduce the need for near-term capital works. Its position within walking distance to Swan Street and Richmond Station reinforces its appeal as a low-maintenance urban base. The heritage overlay on a 2009 build introduces a specific risk: any external alterations or future redevelopment will require Yarra Council approval, effectively capping the property’s upside from land value appreciation and limiting the buyer’s ability to modify the envelope. The 90sqm land component is small for the price bracket, meaning the value is almost entirely in the improvements rather than the site—a consideration for long-term holding. The opportunity lies in the current floorplan’s adaptability; the ground-floor room could be monetised as a short-stay rental if council permits allow, offsetting holding costs. Buy this property for its immediate liveability and views, not for its land content, and plan to hold it as a medium-term residence rather than a development play.