125/73 River Street, Richmond VIC 3121

| 2-bed riverside unit | opposite-end bedrooms | east-facing balcony | stable building tenure mix | This property offers a rare configuration advantage for a two-bedroom apartment: bedrooms at opposite ends, which significantly improves privacy for sharers or a couple with a home office. The east-facing balcony overlooking parkland toward Hawthorn is a genuine scarcity in Richmond’s apartment stock, adding passive amenity that typically holds value better than a city-view unit. The building’s tenure mix—roughly half held under six years, half longer—suggests a stable owner-occupier core rather than heavy investor churn, which supports consistent building management and quieter common areas. For a buyer seeking a liveable inner-city base with a genuine connection to the Yarra corridor, this unit competes on layout and orientation, not just price. The primary risk is the building’s scale: at over 170 units, future capital growth will track suburb averages rather than outperform, and resale competition among similar floor plans is high. The 2022 purchase history without a disclosed price means the vendor may have bought near the top of the cycle, potentially limiting negotiation room. However, comparable sales in the building show a tight band between $650,000 and $712,000 for two-bedroom units, which gives a clear market floor. The rental yield from recent lettings (around 5.5–5.8%) suggests the property could be held as a low-maintenance investment if circumstances change, but the stronger play is as a long-term owner-occupied home where the layout and balcony deliver daily value. Hold for at least five years to ride out the building’s supply overhang.