208/10 Burnley Street, Richmond VIC 3121

Compact 1-bedroom strata apartment | Resort-style complex in central Richmond | Strong rental demand corridor | Rare car space included. The buying case rests on a well-configured 53 m² floorplate in a contemporary complex with genuine indoor-outdoor flow, a feature rarely found in entry-level apartments. The inclusion of a car space and resort-style facilities strengthens its position against newer stock without parking. This unit suits first-home buyers seeking a low-maintenance foothold or investors targeting the $495–$590 weekly rental bracket, where vacancy risk is low given Richmond’s proximity to the CBD and dining precincts. The primary risk is the absence of recent comparable sales, making precise valuation dependent on the agent’s pricing strategy. The $400,000–$430,000 listing sits above the estimated $380,000–$400,000 range, meaning a buyer should negotiate toward the lower end to preserve equity. No overlay risks exist, and the 2017 purchase history suggests no structural holding cost surprises. Use this property as a long-term hold in a tightly held inner suburb, where capital growth follows the Yarra corridor’s demand floor.