515/30 Burnley Street, Richmond VIC 3121
515/30 Burnley Street, Richmond VIC 3121
2-bed, 1-car, storage cage, lift | East-facing balcony, 4th floor | Pool, gym, sauna | Yarra parklands & Bridge Rd | Busy Burnley St
A rare two-bedroom layout with secure parking and a titled storage cage is offered in a building that includes a pool, gym and sauna, a combination seldom found in Richmond’s apartment market. The east-facing balcony and single-level floorplan are valued by downsizers and professionals who seek space without sacrificing inner-city convenience. SJB Architects’ design is recognised for its quality, and Yarra parklands, trams and Bridge Road’s cafés are reached within minutes. The property is best suited to owner-occupiers wanting security, lifestyle amenity, and genuine car accommodation.
Value may be influenced by the apartment’s position on a busy inner-urban corridor, traffic noise being a factor, though its fourth-floor elevation and east-facing aspect might offer some respite. Building strata fees and ongoing maintenance for premium facilities are expected, and these costs should be weighed against the convenience they deliver. Interest might be narrowed slightly by the single bathroom, but that is likely offset by the rarity of a dedicated car space and storage in a building with lift access and resident wellness amenities.
Detailed Independent Property Report prepared by PropCred Analyst team for 515/30 Burnley Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Richmond is an inner-suburban market driven by young professionals and childless couples, with professional occupations dominant. House prices are broadly flat: medians range from $1.31m to $1.46m, with annual growth between -1.08% and +0.36%. Units are firmer, with medians around $518k–$640k and growth up to 4.92% in one series. Houses sit on the market 26–47 days; units sell faster at 26 days. Rental yields are modest for houses at 3.26–3.52%, stronger for units at 5.17%. Weekly rents for houses vary widely from $760 to $1015; units $595–$680. Sales volumes are solid at 292–318 houses annually. Future supply and connectivity improvements include the $1.5bn Richmond–Flinders Street corridor and Burnley TAFE redevelopment. Key constraints include high mortgage debt and flat house price growth, which could cap near-term capital gains.
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PropCred Estimated Value
514/30 Burnley Street (1-bed) sold $385,000 | Price guide $500,000–$550,000 | The band appears supported given the premium a second bedroom and parking attract in the same development.
Bedrooms
2
Bathroom
1
Parking
1
Land
819m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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