Back 116 Lennox St
Off Market

116 Lennox St

Richmond NSW 2753

3
1
989 m²
House
Michael BennettMichael Bennett, last sold this property on 05 June 2017 after 26 days on market.

Overview

Development Site - Town Centre

Fabulous opportunity to own this massive 989 sqm block right in the heart of town, walking distance to city train, university, shopping centre and parks. Zoned R3 Medium Density ready for development (STCA) with plans drawn for 3 x 3 bedroom townhouses. Comfortable 3 b/r brick and tile home with great side access, currently leased for $410 p/w to an excellent tenant with vacant possession available if required. Home features high ceilings, timber floors, dishwasher, split system air conditioner and fireplace. There is also DA approved plans to build a 3 bedroom granny flat. Rare large block offering income and potential and the chance to add value to your investment.

Features

3 bedrooms
1 bathroom
989 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Richmond over the last 12 months, the estimated median property value of 116 Lennox St is $990k.

Median value
$990k
Estimated value range
$835k - $1.88m
Median days on market
36
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Richmond. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 116 Lennox St

2022
Rented
Undisclosed
Leased on 08 Sep 2022 by RAIN Real Estate
2017
Sold
Undisclosed
05 Jun 2017 by Michael Bennett, of Bennett Property NSW
2014
Sold
$576,000
Sold Before Auction on 15 Apr 2014 by Michael Mahboub, of VIBE property

Happy sellers in Richmond

84%
84% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 45 reviews in Richmond over the last 12 months.

Local market activity for 3 bedroom houses in Richmond

In the last 12 months, 20 three-bedroom houses similar to 116 Lennox St, have been sold.

This represents a 65% increase in three-bedroom houses sales when compared to the previous 12 months.

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