30 Grattan Place, Richmond VIC 3121

Reversed floorplan townhouse | 118sqm on 544sqm land | East-facing terrace | Richmond city-end near MCG This property occupies a rare position in Richmond’s city fringe: a townhouse with genuine separation of living and sleeping levels, a private east-facing deck, and a land holding of 544 square metres that is effectively unmatched in this price bracket. For a buyer seeking a home that functions like a small house rather than a stacked unit, the reversed floorplan delivers natural light and privacy across three levels. The 118 square metre internal area is generous for a two-bedroom townhouse, and the 2003 build avoids the compromises of older stock while offering a layout that suits professionals or downsizers who want proximity to the Yarra, the MCG, and Richmond’s dining strip. The wide land component introduces a structural advantage: future subdivision or extension potential is not foreclosed, even if the current configuration is the primary use. The principal risk is the wide valuation gap—estimates range from $720,000 to over $1.4 million—which suggests the market has not yet settled on a clear price point for this property type in this location. The heritage overlay adds a layer of approval cost and timeline uncertainty for any future changes. The single open car space and 1.5 bathrooms may limit appeal to families or investors targeting broad tenant demand. However, for a buyer who values land depth, a private outdoor room, and a walkable urban position, the opportunity lies in negotiating below the higher estimates while the listing is still fresh. Hold this property as a long-term residence or a land bank in one of Melbourne’s most supply-constrained postcodes