104/38 Elizabeth Street, Richmond VIC 3121
104/38 Elizabeth Street, Richmond VIC 3121
Modern 2017 build | Two bathrooms and a courtyard | Secure parking included | Suits owner-occupier or investor
This property represents a newer addition to Richmondโs apartment stock, built in 2017 with a functional 81-82mยฒ layout that includes two bedrooms, two bathrooms, and a dedicated car space. The presence of a courtyard and outdoor entertaining area is a rare advantage for this product type and age providing private outdoor space that most modern apartments lack. It is best suited to professional couples or downsizers prioritising low-maintenance inner-city living with parking or to investors seeking a modern, tenant-appealing configuration in a well-serviced urban pocket. The dual bathrooms add everyday convenience and set it apart from older two-bedroom stock in the area.
Factors that may shape the propertyโs value include the lack of a confirmed aspect or floor level, which can influence natural light and outlook. Its position within a larger strata development also means that common-area condition and management quality could affect desirability. Apartment supply in Richmond may put pressure on resale pricing, though this unitโs modern fit-out and strong amenity set might mitigate that risk. A buyer should verify the exact location within the building and inspect the courtyardโs privacy and orientation.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 104/38 Elizabeth Street, Richmond VIC 3121
Market Insight:
Richmond is a suburb undergoing significant urban renewal, attracting a young professional demographic with its high-density living and major infrastructure projects. Demand is driven by childless couples and professionals, creating a robust market where units are transacting faster than houses. Recent price trends show stability in houses but stronger momentum in the unit sector. Future growth is anchored by substantial public transport upgrades and precinct revitalisations, though the market’s sensitivity to mortgage costs remains a consideration given the high proportion of indebted owners.