7 Grangewood Avenue, Richmond QLD 4740
7 Grangewood Avenue, Richmond QLD 4740
Large 327m² plan | tightly held family pocket | pool plus studio | premium price positioning | 735m² fully fenced
This house is situated in a tightly held family pocket of Richmond where larger architecturally designed homes are uncommon. The 327m² plan is configured around four bedrooms, a study, rumpus room, and a detached studio with kitchenette and bathroom, giving flexibility for extended family or home business. A salt pool, private courtyard, and outdoor entertaining area are contained within the fully fenced 735m² block. It is best suited to a family wanting internal space, indoor outdoor connection, and proximity to both public and private schooling. The absence of overlays supports its appeal, and the consistent presentation quality gives it a clear edge over family stock.
The rare size and flexibility may be considered a key strength, but the premium price point might narrow the buyer pool. The detached studio and pool are likely to be weighted heavily by purchasers seeking turnkey condition. Consideration should be given to how much the extra floor area is worth versus a simpler layout, and how the estate’s value may be supported by its tightly held character.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Grangewood Avenue, Richmond QLD 4740
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Richmond’s house market is still driven by rising household incomes, a tighter local supply pipeline than the broader region, and steady family demand for roomier regional living while affordability holds better than capital cities. Median house values grew about 1.6% in the last quarter and roughly 4% over the past year, signalling a calm but upward trend through the latest six-month window. Risk sits with the heavily discounted unit sector that has seen steep price falls and near-zero yields, so opportunity is strongest for detached stock while watching any new supply before committing to new builds.
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PropCred Estimated Value
Comparable Sales: 19 Grangewood Avenue (4 bed, 851m²) sold for $1.1M; 12 Grangewood Avenue (3 bed, 2022) sold for $800K | Property Price Band: $1.3M–$1.4M | Value Drivers: floor area, studio flexibility and presentation quality
Bedrooms
4
Bathroom
2
Parking
2
Land
735m²
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