202/7 Newry Street, Richmond VIC 3121

City glimpses | West-facing balcony | Boutique security complex | Quiet inner Richmond | Walk to station and Swan St This apartment is positioned in a quiet street within a boutique block that offers a distinct livability advantage over larger complexes in the area. The west-facing balcony with city glimpses and secure parking are considered rare at this price point, and the proximity to Burnley Station and Swan Street supports strong owner-occupier and tenant demand. The modern kitchen with Miele appliances and lift access further reinforce its suitability for downsizers or investors seeking low-maintenance inner-urban living. A single bathroom and compact floorplan may restrict appeal among families but are typical for this size and location. West orientation can increase afternoon heat, though the balcony and reverse-cycle air conditioning mitigate this. Pricing is noted at a level close to its last transaction fifteen years ago, suggesting limited capital growth over that period but also a floor in value for the current buyer. The property is well served by school zones and has no heritage overlays, which supports long-term flexibility. For an investor, the estimated rental yield is considered above average for Richmond.