106/8 Burnley Street, Richmond VIC 3121

1-bed flat, SJB design | Swan St edge, station steps | 1-car park rare | last sold 2015 This property’s competitive edge is its scarcity: a genuinely well-configured one-bedroom apartment with a full garage in a building designed by SJB Architects, a firm known for enduring quality. That combination,design pedigree, separate parking, and immediate proximity to Burnley Station and Swan Street’s dining strip,positions it well for a professional buyer seeking a low-maintenance base with strong rental fundamentals. The building’s reputation and location near Yarra trails and Williams Reserve add a lifestyle buffer often absent from inner-city flats. The primary risk is the absence of recent transaction data beyond 2015, which leaves the buyer without a clear floor for negotiation. Valuation divergence between $402,000 and $440,000 signals market uncertainty, not opportunity. The rental appeal is real but unverified against current comparable leases. A buyer should treat the car space as a structural advantage over competing one-bedders, commission a strata report to check sinking fund health, and hold for rental income rather than short-term capital gain.