24 Kent Street

Off Market

24 Kent Street

Richmond VIC 3121

342 m²

House

Nick Walker, last sold this property on 13 June 2025 after 30 days on market.

Overview

Dual-Income Gem with Development Upside in Richmond

Expressions Of Interest Set in one of Richmond’s most connected and tightly held pockets, this rare 342 sqm (approx.) dual-access allotment offers income, upside and unmatched flexibility. Whether you’re a developer, investor, or owner-occupier, this is an opportunity to secure a strategic inner-city holding with multiple value pathways. At the front of the block sits a charming three-bedroom Victorian-style residence leased at $795 per week, providing immediate cashflow and the potential for future renovation. At the rear, and recently leased at $300 per week, a separate 127 sqm (approx.) parcel (with street access via Little Kent Street) comes with a planning permit approved for two modern, architecturally designed townhouses: one 3-bedroom and one 2-bedroom, each with garages and north-facing outdoor spaces. Surrounded by quality new builds and lifestyle amenity, this site is only moments to Bridge Road, Swan Street, Victoria Gardens Shopping Centre, Citizens Park, trams, trains and the CBD. With booming demand for turnkey homes and limited new supply, this is a rare find that blends short-term returns with long-term growth. Key Highlights: • Total land: 342sqm (approx.) • Front home leased: $795pw • Permit-approved rear development for 2 x townhomes • Dual frontage via Kent Street & Little Kent Street • Walk to cafes, shops, transport & the MCG Build, lease, live or landbank – this is Richmond versatility at its best.

Features

3 bedrooms

1 bathroom

1 carspace

1 carport space

342 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 24 Kent Street is $1.64m.

Median value

$1.64m

Estimated value range

$811k - $4m

Median days on market

Estimated value trend

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 24 Kent Street

2025

Sold

Undisclosed

13 Jun 2025 by Nick Walker, of RT Edgar Boroondara

2024

Rented

Undisclosed

Leased on 03 Jul 2024 by Precise Property Management

2023

Rented

Undisclosed

Leased on 31 May 2023 by Jellis Craig South Yarra

Happy sellers in Richmond

91%

91% 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 29 reviews in Richmond over the last 12 months.

Local market activity for 3 bedroom houses in Richmond

In the last 12 months, 133 three-bedroom houses similar to 24 Kent Street, have been sold.

This represents a 9% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Richmond for a free market appraisal.

Ken Griffith

at Belle Property Richmond

4.7

(91 reviews)

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David Umana

at Ray White Southbank | Melbourne City

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Daniel Atsis, George Mitry

at Belle Property Richmond

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Daniel Atsis

at Belle Property Richmond

4.8

(149 reviews)

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Nearby agents

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Ken Griffith

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