305/38 Elizabeth Street, Richmond VIC 3121

Sleek 1-bed flat | Dual car accommodation | Prime Richmond locale | No overlays This unit presents a competitively priced entry into a high-demand inner-suburban market, distinguished by its dual car accommodation-a rare and functional advantage for a one-bedroom configuration that significantly broadens its appeal to both owner-occupiers and investors. The absence of bushfire, flood, or heritage overlays streamlines due diligence and removes potential holding costs, while the refined, low-maintenance package suits a professional seeking a lock-and-leave lifestyle or an investor targeting the dominant 20-39 demographic. Its position within a school catchment and with 5G coverage supports sustained rental demand, as evidenced by the high-confidence weekly estimate. Proceed with the understanding that the 815-square-metre lot size refers to the entire complex, not your title, and a strata report is non-negotiable to uncover any capital works plans or management issues that could erode your equity. The listing’s rapid time on market suggests a motivated seller, creating a tactical opportunity to acquire below the estimated range. Given the compressed price bracket between listing and valuation, this property is positioned as a value-hold; it is a strategic purchase for a first-home buyer to gain a foothold or an investor to secure a reliable yield, but not a vehicle for short-term capital growth without value-add potential. The comparable sales data, while not exhaustive, includes numerous one and two-bedroom apartments in Richmond. A selection of similar current listings shows: – 314/12 Coppin Street: 1 bed, 1 bath, 1 car, EOI $480,000 – $520,000 – 208/36 Regent Street: 2 bed, 1 bath, 1 car, $460,000 – $500,000 – 303/229 Bridge Road: 2 bed, 1 bath, 1 car, EOI $460,000 – $490,000 This context confirms the subject property’s asking price is appropriately positioned at the entry-level for the suburb, with its dual car spaces providing a tangible point of differentiation against other one-bedroom units commanding a premium.