North Richmond at a glance
7,146
People
$1,290,000
Median sale
$677/wk
Median rent
2.73%
Suburb gross yield
Median sale from 70 recorded sales (last 12 months) — a Districts calculation.
NSW › North Richmond › Summit Ridge
$1,606,000
Last sold
15 May 2026
5
Bedrooms
3
Bathrooms
2
Car spaces
701.8 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,606,000
15 May 2026 · derived via latest_sale
Local land rate: recorded House sales in North Richmond (last 5 years) with land size have a median of $1,781/m² of land (n=79). Districts calculation from recorded sales — not a valuation.
North Richmond at a glance
7,146
People
$1,290,000
Median sale
$677/wk
Median rent
2.73%
Suburb gross yield
Median sale from 70 recorded sales (last 12 months) — a Districts calculation.
Vs North Richmond
+24.5%
Median sale
Suburb $1,290,000
-0.54 pp
Gross yield
Suburb 2.73%
Suburb median $1,290,000 from 70 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $677/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
North Richmond at a glance
7,146
People
$1,290,000
Median sale
$677/wk
Median rent
2.73%
Suburb gross yield
Median sale from 70 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White North RichmondPositioned in one of Redbank Estate's most coveted locations and showcasing sweeping mountain vistas from your own private balcony, this bespoke Iron Gate Constructions residence delivers an exceptional standard of luxury family living. Masterfully crafted and impeccably appointed, the home offers an elegant blend of contemporary design, refined finishes, and generous proportions-perfect for families seeking sophistication without compromising comfort.
Embraced by the estate's serene natural surrounds, residents enjoy a lifestyle of convenience and leisure with access to scenic walking trails, beautifully landscaped parklands, children's playgrounds, and the renowned Butler's Pantry café. Every detail of the home has been thoughtfully curated to elevate daily living, from the expansive living spaces to the seamless transition between indoor and outdoor entertaining zones.
Set on a prized north-facing 701.8sqm parcel, this residence boasts a full-length verandah overlooking the mountains, a luxurious outdoor entertaining area with electric screens, and extensive under-house storage complementing the double garage. High ceilings, premium spotted gum flooring, designer window furnishings, and energy-efficient enhancements highlight the home's flawless craftsmanship and enduring quality.
Property Features;
Four generously appointed bedrooms, including an opulent master suite with walk-in robe and ensuite
Three luxurious bathrooms featuring floor-to-ceiling tiling and a sculptural freestanding bath
Multiple sophisticated living zones enhanced by soaring 2.7m ceilings
Dedicated office ideal for working from home with walk in robe or ideal as 5th bedroom
Architecturally crafted by respected custom builder Iron Gate Constructions
Gourmet kitchen with island bench, walk-in pantry, and premium finishes
Spotted gum hardwood floors delivering warmth, elegance, and durability
Zoned ducted air conditioning to both levels for year-round comfort
10.14kW solar system with 26 panels ensuring outstanding energy efficiency
North-facing 701.8sqm block capturing uninterrupted mountain views
Deluxe outdoor entertaining with electric screens & ceiling fan
Full-length verandah with separate access via french doors from the master and living room
Oversized double garage with internal access and exceptional under-house storage
Luxaflex Luminette privacy sheers, plantation shutters, and retractable fly screens
Decorative cornices and high-end fixtures throughout
Spacious laundry with extensive built-in cabinetry
NBN and Foxtel connectivity for modern convenience
Water tank for grey water located under the house
This extraordinary Redbank Estate home represents a rare opportunity to secure a premium, move-in-ready residence in one of the area's most sought-after communities.
Experience uncompromised luxury, breathtaking views, and superior craftsmanship-book your private inspection today or attend one of our advertised open homes.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Listing description written by Cindy Cash, Ray White North Richmond — reproduced as published, not verified by Districts.