164 Richardson Street Albert Park - James Home Ratings

James Home Rating: 570
Inspected: 30/8/2025

Position

Richardson Street is one of Albert Park/Middle Park’s most recognised strips. This section is a strong position — period homes, tree-lined, and walking distance to both the beach and Albert Park Village.

Land

• Size: 177 sqm — small, but very typical for entry-level single front terraces in this pocket.
• Access: No off-street car parking, which is a drawback in any price range, but also not unusual for this category.

Property

• Type: Entry-level single-front Victorian.
• Accommodation:
  • Upstairs: Just one bedroom, no bathroom (a bathroom could be added subject to design and approvals).
  • Downstairs: Two bedrooms of reasonable size for this property type.
• Condition: Kitchen and rear living areas are in perfectly acceptable condition. Livable as is.
• Scope: Cosmetic renovation and/or upstairs bathroom addition would lift functionality.

Buyer Fit

• Entry Buyers: Perfect for those wanting a way into Albert Park/Middle Park at a relatively accessible price point.
• Couples/Small Families: Works now, with scope to add comfort over time.
• Investors: Always strong demand for well-located single fronts in this suburb.

Market & Value

• Quote:  $2.05m positioned as entry level for the area.
• Context: These single fronts are tightly held and continue to attract strong demand. Adding a bathroom upstairs would further underpin value.

Summary: An accessible way into one of Melbourne’s most desirable bayside suburbs. It’s not perfect (no car, no upstairs bathroom), but it’s livable, well-located, and has the bones to be improved without overcapitalising.