About this property
16 Lucas Street is a low‑set three‑bedroom house situated in the inner‑suburban suburb of Richmond, South Australia. The property sits on a block of roughly 300 m² and offers two bathrooms, an air‑conditioned interior, built‑in wardrobes and an open fireplace. The front of the parcel also accommodates a jewellery retail shop, providing a mixed‑use character to the address.
The house has changed hands a few times, most recently selling for $470,000 in August 2014 and later in May 2017. Current estimated market value places its market value around $1 million with an estimated rental yield of about 3.7 % per week. The surrounding block includes several subdivided units and a town‑house, highlighting a trend toward higher density development within the same street.
Richmond is governed by the City of West Torrens and benefits from nearby schools, parks and transport links, making the location convenient for families and commuters alike