1/5 Mcgrath Court, Richmond VIC 3121

Top-floor position | quiet cul-de-sac | strong rental yield | below-median entry This unit sits at a rare intersection of livability and affordability in Richmond’s tightly held heart. The top-floor configuration within a small 13-property complex offers privacy and reduced noise, while the cul-de-sac location amplifies the sense of retreat. For a first-home buyer or investor, the price point sits well below the suburb’s median for one-bedders, and the building’s recent comparable sale at $305,000 confirms a stable floor. The 60% rental profile and 6.2% yield signal consistent tenant demand, making this a low-risk entry into a market with 2.1% annual growth. The primary risk is the older building format,no floor plans were available, and the 2009 purchase price of $180,000 suggests limited capital uplift over time. Buyers should budget for potential special levies given the 40% owner-occupier ratio may mean deferred maintenance. On the opportunity side, the strong rental yield and below-median price create a cash-flow positive position from day one. This is a hold-and-rent property, not a flip, and suits those seeking steady returns over speculation.