Project Overview
The size of Richmond is approximately 1km2. it has 1 park covering nearly 4% of the total area. The population of Richmond in 2001 was 2,478 people. By 2006 the population was 2,687 showing a population growth of 8% in the area during that time.The predominant age group in Richmond is 20 - 29 years. households in Richmond are primarily sole parent and are likely to be repaying between $600.00 - $800.00 per month on mortgage repayments.In general ,people in Richmond work in a non-specific occupation. In 2001, 57% of the homes in Richmond were owner - occupied compared with 59% in 2006.In 2009 the median sales price of houses in the area was $385000
Objectives
To maximise the investor's return on investment through specultive property development
Project Details
| Address | 43 Kingston Ave |
| Site Size | 1030 m2 |
| Council | WestTorrens |
Proposed Development
| # Allotments / Dwellings | 3 |
| Type of Dwellings | 1x Double Storey Townhouse 2x Double Storey Semi Detached Dwelling |
| Construction Materials | Brick/ Timber / Colourbond Roof / Gyprock |
| Buyer Demographic | First home owners and investors. |