315/14 David Street, Richmond VIC 3121
315/14 David Street, Richmond VIC 3121
2 bed 1 bath 1 car | Embassy complex amenity depth | Richmond apartment with secure parking | Near Victoria Gardens and river trails | Broad buyer appeal
What stands out here is the combination of a practical two-bedroom layout with a building that offers far more than the typical Richmond apartment. The Embassy complex brings resort-style facilities, landscaped gardens, and a genuine sense of place, which is rare in this price segment. Secure parking adds real weight, especially for owner-occupiers who value convenience and investors who know parking strengthens tenant appeal. Positioned close to Victoria Gardens, the Yarra trails, and city transport, this unit suits first-home buyers wanting a foothold in the inner city, downsizers trading maintenance for amenity, and investors chasing reliable rental demand in a well-connected pocket.
The value picture may hinge on how the specific unit sits within the building. Aspect and floor level can vary considerably across the Embassy complex, and some stacks will naturally hold stronger appeal than others. The absence of a stated outlook means the buyer should physically inspect to confirm light, noise, and privacy. Rental returns appear solid based on comparable leasing activity, but the broader market for two-bedroom apartments in Richmond remains competitive, so price sensitivity will matter. The building’s amenity package may justify a premium, though that premium is best tested against what similar Embassy units have recently achieved.
|| Comparable Sales: 913/14 David Street sold $575,000 in March 2025; 206/14 David Street similar layout in same complex | Property Price Band: $480,000–$580,000 | Value Drivers: building amenity, secure parking, floor level and aspect within complex
Detailed Independent Property Report prepared by PropCred Analyst team for 315/14 David Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Richmond is an inner-suburban market driven by young professionals and childless couples, with professional occupations dominant. House prices are broadly flat: medians range from $1.31m to $1.46m, with annual growth between -1.08% and +0.36%. Units are firmer, with medians around $518k–$640k and growth up to 4.92% in one series. Houses sit on the market 26–47 days; units sell faster at 26 days. Rental yields are modest for houses at 3.26–3.52%, stronger for units at 5.17%. Weekly rents for houses vary widely from $760 to $1015; units $595–$680. Sales volumes are solid at 292–318 houses annually. Future supply and connectivity improvements include the $1.5bn Richmond–Flinders Street corridor and Burnley TAFE redevelopment. Key constraints include high mortgage debt and flat house price growth, which could cap near-term capital gains.
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PropCred Estimated Value
Comparable Sales: 913/14 David Street sold $575,000 in March 2025; 206/14 David Street similar layout in same complex | Property Price Band: $480,000–$580,000 | Value Drivers: building amenity, secure parking, floor level and aspect within complex
Bedrooms
2
Bathroom
1
Parking
1
Land
1.28 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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