8 Franklin Street, Richmond TAS 7025

Substantial corner block | dual street access | historic Richmond | flexible 4-5 bed layout The corner position and dual access create a rare configuration advantage in a tightly held historic township, giving the property separation from neighbours and future subdivision optionality. The generous land-to-building ratio at 18% site coverage is competitively strong for buyers wanting expansion space without heritage overlay constraints. With four to five bedrooms across two levels, this house suits families prioritising room count and school catchment proximity over cosmetic condition, and investors seeking a versatile holding in a premium Tasmanian location. The flood overlay is the primary risk, raising insurance costs and limiting some renovation scope, though no bushfire or heritage restrictions offset this. The current asking range sits above recent comparable sales on smaller parcels, so buyers should negotiate with the flood risk and lack of sales history as leverage. Opportunities lie in adding value through internal reconfiguration or future lot subdivision if council permits align. This property is best held as a long-term family home or dual-income rental in a market with steady demand.