About this property
6 Richard Street in Adamstown is a detached residential house situated on a 1,706 m² parcel. The property is currently off‑the‑market and is estimated to be worth around $1.30 million, with a rental potential of roughly $1,110 per week, equating to an approximate 4.4 % yield.
Planning information indicates the site falls within a shovel‑ready redevelopment proposal that would replace the existing house with a two‑storey building containing 14 apartments, indicating potential future demolition.
The suburb of Adamstown enjoys strong population growth, good school catchments and a range of community amenities within walking distance, making the location attractive for both owner‑occupiers and investors