3 Loughnan Street Richmond VIC 3121
3 Loughnan Street Richmond VIC 3121
1970s architectural | quiet one-way street | 3-car inner-city parking | Richmond Hill location
This property’s three-car parking on a small lot is a rare configuration for inner Richmond, creating a practical edge for a family or professional couple needing space without sacrificing proximity. Its position on a quiet, green one-way street near Bridge Road and Swan Street delivers both amenity and tranquility, serving buyers who prioritize lifestyle but require city access. The modern updates within a heritage overlay frame a low-maintenance home with character, appealing to those seeking move-in readiness without compromise.
The heritage overlay imposes design constraints that limit redevelopment potential, costing future flexibility. The small lot size and high coverage limit outdoor space, a trade-off for the inner-city location. Buy this property to hold as a primary residence, leveraging its unique parking and quiet positioning for long-term livability. Our report provides the real market valuation and checks for locality risks like heritage controls, ensuring your offer reflects its true worth.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.