70 Francis Street, Richmond NSW 2753
70 Francis Street, Richmond NSW 2753
3 bed, 1 bath, 4 car | car-heavy detached house | family-oriented rental demand | Richmond school catchment | mixed street character
This is an unusually parking-rich detached house for the area, with four car spaces offering rare flexibility for tradespeople, multiple vehicles, or a workshop conversion. The configuration suits a family needing space for vehicles and gear, or an investor targeting tenants who value that practical edge. Positioned in an established Richmond pocket with a mix of older homes and newer infill, it sits comfortably within a suburb that attracts owner-occupiers and renters alike, supported by local schools and rail access. The house form is straightforward, and its strength lies in utility rather than polish.
Value may be shaped by the land-to-building ratio, which is not confirmed but likely modest given the car emphasis, and by the condition of the internal finishes, which could require updating. The four-car capacity may add premium for some buyers but could also signal a layout that prioritises parking over living space. The lack of recent comparable sales near this exact configuration means pricing might be influenced by how buyers weigh the parking advantage against the dated feel of a 3-bed, 1-bath layout. Renovation potential or rental yield could justify a stronger offer, while those seeking a turnkey home may discount for deferred maintenance.
Detailed Independent Property Report prepared by PropCred Analyst team for 70 Francis Street, Richmond NSW 2753
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Richmond, in Sydney’s northwest, is a house-dominated market positioned around its rail line, bridge access, and local school catchment, drawing families and investors. Demand is underpinned by solid growth: house values have risen near 8% annually to about $975,000–$980,000, while units climbed 10.77% to $720,000. Houses spend roughly 54 days on market, with 74 sales a year, signalling active but not overheated turnover. Rental conditions are firm, with median house rents at $640 weekly and units at $530, yet gross yields remain modest at 3.48% and 4.21% respectively. Future growth relies on continued transport connectivity and infrastructure, though affordability is a real constraint—median prices sit well above what local incomes support—and limited supply could amplify sensitivity to rate moves.
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PropCred Estimated Value
Comparable Sales: 5 Francis Street sold $660,000 in 2016; 172 Francis Street sold 2025, price unconfirmed | Property Price Band: $700,000–$800,000 | Value Drivers: car accommodation, land size, internal condition
Bedrooms
3
Bathroom
1
Parking
4
Land
535m²
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