3/33 Judd Street, Richmond VIC 3121

3/33 Judd Street, Richmond VIC 3121
Ground-floor townhouse layout | North-facing dual-level design | High owner-occupier tenure | No bushfire or flood overlays This unit presents a competitively rare configuration for its building type, offering a ground-floor, north-facing townhouse layout with dual-level living, which is atypical for multi-unit developments and appeals directly to owner-occupiers seeking house-like spatial qualities. Its position is strengthened by a building with notably high long-term tenure, indicating a stable, well-maintained community, and it serves buyers prioritizing security, light, and private living areas over a high-rise apartment experience. The decision hinges on the significant price premium being sought relative to recent building sales. While the unique format justifies some premium, the asking range sits markedly above recent comparable two-bedroom sales within the same complex, introducing immediate equity risk. A buyer must leverage its scarcity to negotiate firmly within the lower quartile of the guide, targeting a hold period that capitalizes on its owner-occupier appeal and land component within the broader site. Recent sales within 33 Judd Street provide critical context for valuation: – 322/33 (2/2/1): $650,000 – 707/33 (2/1/1): $645,000 – 602/33 (1/1/1): $472,500 – 805/33 (1/1/1): $540,000 – 303/33 (1/1/1): $422,000 This data anchors the market for standard apartments in this building, making the subject unit’s $825,000-$875,000 guide a substantial premium. Your offer must be justified by its tangible points of difference—the ground-floor townhouse layout and dual-level design—against these clear benchmarks.

Independent, Unbiased Research from  our PropCred Analyst team 

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.

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2315m²

Built

Recent Assessments