1/135 Coppin Street, Richmond VIC 3121
1/135 Coppin Street, Richmond VIC 3121
Ground-floor boutique unit | Six-apartment architect-designed block | Private courtyard access | Yarra Council, Richmond | Late-2010s build.
This is a genuinely uncommon find in Richmond—a ground-floor apartment in a small, architect-designed block of only six residences, finished with a textural palette of timber, steel, and concrete. The private courtyard gives it a house-like quality that most apartments in the suburb simply don’t offer, while the boutique scale means fewer neighbours, lower body corporate complexity, and a stronger sense of ownership than a typical mid-rise unit. It suits a professional couple, a downsizer, or an investor seeking a low-maintenance inner-city property with enduring design appeal. The late-2010s construction and premium fitout position it above older converted stock, and its proximity to Bridge Road and Swan Street retail and transport reinforces daily convenience. For a buyer wanting something distinctive rather than generic, this holds clear appeal.
The 284 m² site and ground-floor layout may support a modest price premium over similar-sized units, though the single-bedroom configuration could limit appeal to families. The heritage overlay reference in records is inconsistent, so a buyer should verify planning constraints directly with council. Rental demand appears solid—estimated at $505 weekly—but the absence of confirmed parking may temper resale interest. The small block size also means fewer comparable sales, so pricing may be less transparent. The architect-designed pedigree and courtyard are the strongest value levers, while the lack of lift or shared amenities is typical for this format and unlikely to deter its target buyer.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/135 Coppin Street, Richmond VIC 3121
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
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: 45–47 Coppin Street sold $2.4M (commercial, Nov 2023); 135 Coppin St record $350K (2002) | Property Price Band: $400K–$500K | Value Drivers: Boutique design, ground-floor courtyard, late-2010s condition
Bedrooms
2
Bathroom
1
Parking
-
Land
284m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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