60 Laity Street, Richmond VIC 3121
60 Laity Street, Richmond VIC 3121
1910 Edwardian | 145m² land | 2 bed now, 3 bed before | carport rare | compact inner-city
This house holds a genuine edge for Richmond: a 1910 Edwardian on a 145m² parcel with off-street parking is uncommon in this pocket, where many period homes lack any car accommodation. The wide frontage and driveway give it a presence beyond its modest footprint, and the internal 93m² is efficiently laid out—light-filled, with original details like the fireplace and arch hallway retained. It suits a buyer who wants period character without the upkeep of a larger property, or an investor chasing yield from a tightly held inner-ring location. The 2019 configuration as a 3-bedroom shows flexibility; the current 2-bed marketing may understate its functional potential for a couple or small family.
Value may hinge on how the floorplan is presented—the shift from 3 to 2 bedrooms could narrow appeal to some buyers, while others will pay for the renovated finish and parking. Land size is the hard ceiling: at 145m², expansion is limited, so the price band will likely reflect location and condition rather than development upside. Rental demand appears solid, with recent growth in implied rent, and the proximity to Victoria Street and the river supports steady interest. A buyer should weigh the compact land against the low-maintenance lifestyle and the scarcity of period homes with a carport in this suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 60 Laity Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Richmond is an inner-suburban market driven by young professionals and childless couples, with professional occupations dominant. House prices are broadly flat: medians range from $1.31m to $1.46m, with annual growth between -1.08% and +0.36%. Units are firmer, with medians around $518k–$640k and growth up to 4.92% in one series. Houses sit on the market 26–47 days; units sell faster at 26 days. Rental yields are modest for houses at 3.26–3.52%, stronger for units at 5.17%. Weekly rents for houses vary widely from $760 to $1015; units $595–$680. Sales volumes are solid at 292–318 houses annually. Future supply and connectivity improvements include the $1.5bn Richmond–Flinders Street corridor and Burnley TAFE redevelopment. Key constraints include high mortgage debt and flat house price growth, which could cap near-term capital gains.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 7 Laity Street sold at $1.454M on 91m²; 42 Laity Street listed at $1.75M | Property Price Band: $0.9M–$1.0M | Value Drivers: period character, off-street parking, land size constraint
Bedrooms
2
Bathroom
1
Parking
1
Land
145m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!