42 Johnson Street Richmond VIC 3121

42 Johnson Street Richmond VIC 3121
Modern townhouse | 2014 build | Richmond core | Private garden | Premium finishes This property presents a competitively strong offering for an urban professional or downsizer seeking a low-maintenance, inner-city residence. Its 2014 construction delivers modern efficiency and finishes, a distinct advantage over Richmond’s abundant period stock, which often requires significant upkeep. The intelligent two-level separation of living and sleeping zones, combined with a private garden, is a rare and valuable configuration for a townhouse in this location, directly serving a buyer prioritizing both space utility and proximity to CBD amenities. The primary decision mechanism is the price bracket, which positions this townhouse at a premium for its configuration. The lot size is modest, a typical trade-off for location, which limits future expansion and may affect long-term capital growth relative to larger parcels. The absence of recent, direct comparable sales in the immediate vicinity necessitates rigorous, independent valuation to anchor your offer. A logical hold strategy is a medium-term owner-occupancy to capitalize on its lifestyle appeal. Our property report would validate its market position through localized sales evidence and detail any locality risks to inform both your purchase price and ongoing insurance considerations.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

118mΒ²

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