31 Bell Street, Richmond, Vic 3121

Expressions of Interest $1,400,000 - $1,500,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings
224 m²
Area

Last updated on Tuesday, June 16, 2026 ( See property details for 31 Bell Street, Richmond, Vic 3121)

Expressions of Interest $1,400,000 - $1,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile Richmond property offering redevelopment potential, character features, and prime location close to key amenities and transport.

🏡 Property Highlights

  • Prime Richmond landholding with dual laneway access
  • No heritage overlay, offering redevelopment flexibility
  • Potential for multi-dwelling or luxury home development (STCA)
  • Classic '20s character with existing comfortable accommodation
  • Large backyard with oversized sheds and additional amenities
  • Excellent walkability to Swan Street, Melbourne Park, and city transport

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Shed
  • Waterfront / Views
  • Garage / Secure Parking
  • Internal Laundry
  • Ceiling Fans
  • Pet-Friendly
  • Low-Maintenance Yard

Richmond is a vibrant inner-city suburb renowned for its eclectic mix of historic charm and modern lifestyle. It offers excellent walkability to renowned cafes, restaurants, and entertainment venues, with easy access to public transport, parklands, and sporting precincts. The area is highly sought after for its dynamic community atmosphere and ongoing development opportunities, making it ideal for both residents and investors seeking a thriving urban lifestyle.

What are the redevelopment possibilities for this property?
The property offers significant scope for redevelopment, including multi-dwelling or luxury home outcomes (STCA), thanks to its dual laneway access and absence of heritage restrictions.
Is the existing house suitable for rental income?
Yes, the current '20s character home provides comfortable accommodation and can generate rental income while planning future developments.
What amenities are within walking distance?
The property is within walking distance of Swan Street, Melbourne Park, the MCG, Chapel Street, Bridge Road, and public transport options including trains and trams.
Are there any heritage restrictions affecting the property?
No, the property is not affected by heritage overlay, allowing greater flexibility for redevelopment.
What features make this property appealing for future development?
The large land size, dual laneway access, and flexible zoning provide an excellent foundation for multi-dwelling or luxury home projects.
Are there any planning or zoning restrictions that could impact redevelopment plans? What are the potential costs associated with connecting utilities and services for future development? Are there any easements or covenants on the land that could affect building plans? Has the property been tested for flood or bushfire risks? Are there any upcoming planning or construction projects in the vicinity that could affect the property’s value or livability? What are the strata or council requirements for building on this site? Are there any hidden costs associated with the oversized sheds or existing structures? Is there any history of pest or structural issues with the existing house? What approvals are required to build multi-dwelling or luxury homes on this site? Are there any noise or neighbour-related considerations to be aware of in this area?

31 Bell Street, Richmond, Vic 3121 - More Details

Expressions of Interest $1,400,000 - $1,500,000

Expressions of Interest closing Tuesday 21st of March at 2pm

Among the leafy seclusion of a one way avenue just seconds from Swan Street, this classic Bungalow represents a rare Richmond landholding primed for redevelopment. With no heritage overlay affecting the property and the significant advantage of dual laneway access, the site offers outstanding scope for architects, builders and developers to maximise the land by building to the boundaries and exploring multi-dwelling or luxury home outcomes (STCA). The existing home, defined by its Bell Street façade and ‘20s character, provides comfortable accommodation or rental income while future plans are prepared. The current layout includes three large bedrooms, bathroom, living and dining areas, functional kitchen, and a deep backyard with oversized sheds, second toilet and laundry. However, the true value lies in the land, access and flexibility of the site — a genuine blank canvas in one of Richmond’s most tightly held pockets. Positioned within walking distance of Swan Street, Melbourne Park, the MCG, Chapel Street, Bridge Road, city-bound trains and trams, the Yarra River, parklands, restaurants, shopping and nightlife, this is a rare opportunity to secure a blue-chip Richmond site with exceptional future potential.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1
Area
224 m²

Price guide

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