811/11 David Street, Richmond VIC 3121
811/11 David Street, Richmond VIC 3121
3-2-2 apartment | modern 2018 build | scarce larger format in Richmond | amenities-rich complex | strong owner-occupier appeal
A three-bedroom, two-bathroom, two-car configuration is rarely encountered in Richmond, where the apartment stock is heavily weighted toward one- and two-bedroom investor units. The property is positioned within a 2018 mid-rise complex that provides secure parking, intercom entry, and immediate access to the Yarra River trail and Bridge Road shops. The strongest appeal is expected to be among owner-occupiers and downsizers seeking a low-maintenance inner-urban home that stands out in a market dominated by smaller layouts.
The eventual sale price may be influenced by the specific floor level and orientation, as higher apartments with river or city outlooks tend to command a premium in this building. The quality of internal finishes, the type of parking allocated, and the layout’s flow could also shape comparisons against other large apartments in the local market. Buyers should weigh how much these unit-specific factors matter relative to the broader scarcity of this configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 811/11 David Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
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
Comparable Sales: 216/11 David St sold $640k in 2024; 109/11 David St sold $650k | Listed Price Band: $1.1M–$1.2M | Value Indicator: floor level, outlook, internal condition
Bedrooms
3
Bathroom
2
Parking
2
Land
2329m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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