2/65 York Street Richmond VIC 3121

Ground floor | heritage character | Richmond school zone | 1070sqm land share | 1‑car space This unit offers a rare combination of ground‑floor convenience and a generous land component within a heritage setting, which typically limits future supply and supports long‑term value retention. The inclusion of a single car space is a material advantage in a suburb where off‑street parking is often absent, and the proximity to both Richmond West Primary and Richmond High School broadens the buyer pool to include investors targeting families or tenants with school‑age children. The configuration suits a first‑home buyer seeking a low‑maintenance foothold in a tightly held pocket, or an investor looking for a sub‑$500k entry point with a rental yield above 6.5% based on current estimates. The heritage overlay imposes restrictions on external alterations, which may limit renovation upside and could require additional council approvals for any future works. The ground‑floor position, while convenient, carries a modest risk of noise or limited privacy depending on neighbouring use. Buyers should confirm the exact strata obligations given the large land parcel, as shared costs can be higher than in standard apartment blocks. The property is best held as a long‑term income‑producing unit or a starter home, with capital growth driven by land value and location rather than internal improvements.