102/51 Davison Street, Richmond VIC 3121
102/51 Davison Street, Richmond VIC 3121
This is a modern two-bedroom, two-bathroom apartment with one garage on level two of a mid-rise complex at 102/51 Davison Street, Richmond. It is a standard contemporary unit typical of post-2000 inner-city stock, positioned within a building that also contains larger three-bedroom configurations.
What is competitively strong about this apartment is its secure parking and dual bathroom layout, which are rare in the two-bedroom segment of this suburb and make it more appealing to owner-occupiers than smaller investor-focused units. It sits in a quiet residential street yet remains within four kilometres of the CBD, offering a balance of convenience and relative calm. The property is best suited to young professionals or couples seeking a low-maintenance home with good transport access, as Richmond Station and multiple tram lines are nearby. It is not a family property but competes well against other modern apartments in the area by offering more internal amenity than the typical one-bedroom or studio product.
Several factors may influence the value of this apartment. Its position on a main road and proximity to train lines could introduce street noise, which might affect liveability for sensitive buyers. The building is part of a larger precinct on a substantial land holding, meaning future strata fees or capital works levies may be higher than in smaller blocks. The property is a strata unit with no private land, so its value is tied to the quality of the building and common areas rather than the site itself. Buyers should also consider that the two-bedroom configuration is not rare in this area, so pricing will be sensitive to comparable stock in the same building and nearby complexes.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/51 Davison 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 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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.2 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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