• Tue. Sep 26th, 2023

    A Fixer-Upper in Richmond with a Seven-Figure Tag

    BySharna Bass

    Sep 20, 2023
    A Fixer-Upper in Richmond with a Seven-Figure Tag

    A three-bedroom, one-bathroom home located at 310 Mary Street in Richmond, Victoria is up for auction, and it’s in dire need of some tender love and care. The property, listed with Andrew Crotty and Chaise Priestley of BigginScott Richmond, comes with a price guide of $1.35 million to $1.45 million. However, it is important to note that the house is considered “not in a habitable condition”.

    Photos included in the listing reveal a number of issues, such as a collapsed awning and deteriorating walls. The property, which sits on a 240 square meter lot, is a double-fronted Victorian style home. Despite its current state, the agents suggest that there is “endless scope to renovate and extend, subject to council approval”.

    Approaching the property, one is greeted by a basic wire fence surrounded by overgrown weeds. The front verandah appears to be on an angle, and the front awning is slanted as well. At the rear of the home, the palings are coming undone, and there is a collapsing derelict shed alongside an old in-ground clothesline.

    Interior shots show cobwebs and cracked walls, dated vinyl floors, and dirty carpets. It is clear that the property requires a complete overhaul. However, considering Richmond’s desirable location, it may be a worthwhile investment for those willing to take on the challenge.

    Richmond, an inner-city suburb of Melbourne, is renowned for its Asian grocery stores and restaurants, earning it the nickname “Little Saigon”. The property is also conveniently close to the Royal Botanic Gardens and the sports and entertainment precinct.

    An auction date has been set for 10 am on Saturday, October 7th. According to Domain’s House Price Report for the June 2023 quarter, the median house price for Richmond stands at $1.31 million.

    – Domain.com.au