116 Richardson Street ALBERT PARK

Comments on 116 Richardson Street ALBERT PARK

116 Richardson is a home with some substantial Albert Park characteristics. Rated as Serious Renovation

Stating the obvious it has a very distinct but also classic façade - it has good block width, some substantial rooms, good light and good light sources (side windows) despite not being placed ideally with regards to the north. Good block size with excellent rear access.

On the flip side despite the street's pedigree, you are on a roundabout and while the side street has some advantages - for some it may represent a slight unease at night - in a renovation the obvious would be bedrooms on the side away from the street and the living on the side street - light and noise/feeling of security issues are then both ticked off!!

It is a project for the buyer - sure, no problems in renting it out as is - but eventually the owner will renovate.

Some architectural issues

• Could you do similar over garage to what was done next door - garage needs to become a carport and whole area expanded for yard
• In fact the whole rear needs a rebuild to keep into context with the caliber of this home
• Level change to rear
• Bathroom position
• The front rooms - love them - big wide - 3/4 spacious
• Good for downsizers to renovate to two bedrooms with a great master and perhaps guest room over carport or if you want this for a bigger family you will need to go upstairs

Capitalisation - yes it can work for me and happy to provide a list of recent sales to show you

1)  Sensible value as is

2)  Renovation Costs

3)  Completed Capitalised Sale Values

Happy to talk about how 116 can go from what it is to what it can be.