251 Richardson Street

Middle Park VIC 3206

215 m²

272 m²

House

Last sold for $2,700,000

Ben Manolitsas, last sold this property on 30 October 2026 after 30 days on market.

Overview

Generational Village Opportunity with Dual Site Access

Occupying 272sqm (approx) in the heart of Middle Park Village, this substantial dual-level property presents significant residential and commercial potential, supported by two street frontages, a coveted northern rear aspect and vehicle access from Erskine Street. Currently configured as a hospitality venue, the building offers the flexibility to revive its former restaurant use or pursue a spectacular private residence with garaging and city views from an upper level (STCA). Previously home to Cusina, the existing fit-out spans generous indoor dining areas and outdoor spaces, culminating in a rooftop terrace that captures northern sunlight and city views. A commercial kitchen services the main restaurant areas, with multiple WCs arranged across both levels, while the upstairs office provides further scope for renovation or reconfiguration. Its depth of 40m (approx) adds another dimension to future plans, whether retained for occupation, leased or redeveloped (STCA). Gated access from Erskine Street already provides secure off-street parking for three vehicles, a considerable advantage in this tightly held village setting. The property sits moments from the light rail, #12 tram, Middle Park Hotel and Neds, with Albert Park Lake, MSAC, the beach and leading schools all within easy reach, placing exceptional amenity around a property with substantial land and future potential.

Features

3 bedrooms

2 bathrooms

3 carspaces

215 m² floor area

272 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Middle Park over the last 12 months, the estimated median property value of 251 Richardson Street is $3.02m.

Median value

$3.02m

Estimated value range

$1.71m - $7.8m

Median days on market

Estimated value trend

12%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Middle Park. 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 251 Richardson Street

2026

Sold

$2,700,000

Private Sale/Treaty on 30 Oct 2026 by Ben Manolitsas, of Marshall White - Port Phillip

2010

Sold

$472,500

Private Sale/Treaty on 04 Jul 2010

Happy sellers in Middle Park

We have insufficient information to provide an overview of customer satisfaction for Middle Park. Viewing the agent profiles, reviews and sales for Middle Park can provide insights for this location.