36 Lesney Street Richmond VIC 3121

| Rare 4-bed Richmond terrace | 524sqm land in heritage zone | Elevated position with 6m roof height | Premium family offering near top schools | This property presents a compelling buying case for a family seeking a substantial home in Richmond’s heritage precinct. The 524sqm block with 48% site coverage and 6m roof height is unusually generous for the area, offering both immediate liveability and future reconfiguration potential. The four-bedroom, three-bathroom layout serves a family well, while proximity to Richmond Primary and High Schools adds sustained demand from education-focused buyers. The elevated ground position at 16m provides a natural advantage for light and privacy, rare in this tightly held street of only 16 houses. For a buyer who values space, school access, and a low-supply pocket, this property positions strongly against newer infill stock. The heritage overlay introduces design constraints that limit major external alterations, meaning any capital improvements must work within existing fabric—this reduces speculative upside but protects the street’s character premium. The 250sqm building footprint is efficient but may feel constrained for those expecting larger modern interiors. The single open car space is a practical limitation for a family with multiple vehicles, though street parking in Lesney Street is typically available. The buyer should treat this as a long-term hold in a stable council area where supply is capped by heritage controls and land scarcity. The property’s strongest use is as a primary residence that benefits from steady capital growth driven by school demand and limited turnover, not as a short-term flip.