71 Somerset Street, Richmond VIC 3121

Victorian single-front | 3 beds | North-facing courtyard | Richmond High catchment | Fibre connectivity This freestanding Victorian house presents a competitively rare offering in Richmond, particularly for its land component and private outdoor space within a tight urban footprint. Its north-facing aspect and established garden enhance liveability, while the zoning for sought-after government schools directly targets owner-occupier families and ensures sustained rental demand. The flexible floor plan and high ceilings align with period expectations, serving buyers seeking character without compromising on functional space. Specific risks centre on the single bathroom configuration, which limits modern appeal and may constrain future resale to a narrower buyer pool, and the lack of detailed comparable sales data obscures true market positioning. The opportunity lies in adding a second bathroom to significantly increase capital value, a move with clear commercial logic given the strong rental and school catchment fundamentals. Acquire as a long-term hold for owner-occupation or a value-add investment, but budget immediately for bathroom augmentation.