16/343 Church Street, Richmond VIC 3121

First-level apartment | 80sqm internal | Pet-friendly | Secure parking | Potential leaseback This unit presents a competitively sized two-bedroom layout in a high-demand suburb, offering a functional separation of living and sleeping zones enhanced by a private balcony and dual bathrooms—a configuration that outperforms typical one-bedroom or studio offerings in the area. Its immediate strength is the optional leaseback arrangement, which provides a clear rental pathway from settlement, making it particularly suitable for an investor seeking instant income or a buyer intending to occupy after an initial holding period. The well-appointed kitchen and floorboards throughout signal a low-maintenance, modern interior that appeals to both tenants and owner-occupiers. The decision hinges on reconciling the asking price against the suburb’s modest growth signal and the absence of recent comparable sales data, which introduces valuation risk. The quarterly outgoings are manageable, but the price premium over the automated valuation estimate requires justification through a physical inspection of the building’s condition and common areas. Proceed with an offer anchored to the lower end of the range, conditional on a building inspection, as this property is best held as a long-term rental with the optionality for future owner-occupation.