302/386 Burnley Street, Richmond VIC 3121

302/386 Burnley Street, Richmond VIC 3121
Inner-city flat | dual bathrooms & terrace | heritage overlay | near Swan Street & MCG This unit presents a competitively strong offering for an owner-occupier or investor seeking a low-maintenance inner-urban position. Its dual bathrooms and private terrace are rare for a unit of this size, directly enhancing liveability and rental appeal. The location adjacent to Swan Street and the MCG provides immediate amenity and sustains long-term demand, best serving a buyer prioritising convenience over land component. The heritage overlay introduces a material risk, constraining future alterations and potentially increasing renovation costs. The single open car space may limit appeal compared to secured parking. However, the property’s estimated valuation above the listed price suggests a tangible opportunity. Acquire this as a long-term hold, leveraging its strong rental fundamentals while accepting the overlay’s limitations on physical change.
Detailed Independent Property Report prepared  by PropCred Analyst team for 302/386 Burnley Street, Richmond VIC 3121
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Richmond is a suburb undergoing significant urban renewal, attracting a young professional demographic with its high-density living and major infrastructure projects. Demand is driven by childless couples and professionals, creating a robust market where units are transacting faster than houses. Recent price trends show stability in houses but stronger momentum in the unit sector. Future growth is anchored by substantial public transport upgrades and precinct revitalisations, though the market’s sensitivity to mortgage costs remains a consideration given the high proportion of indebted owners.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

Bathroom

Parking

1

Land

1122m²

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat