328/253 Bridge Road, Richmond VIC 3121

Iconic Fender Katsalidis development | Heritage overlay location | Strong rental yield profile | Below comparable recent sales This unit presents a competitively priced entry into a landmark Richmond building with established architectural pedigree, a positioning that typically sustains tenant demand and supports capital stability. Its listing price range sits deliberately below several recent internal sales, creating an immediate value proposition. The property best serves an investor seeking a high-yielding, low-maintenance holding in a tightly held complex, given the building’s mix of owner-occupier and investor tenure. The primary risk is the heritage overlay, which may impose constraints and costs on future renovations; this is factored into the price. The opportunity is securing a below-market unit in a tightly held complex where comparable one-bedroom sales have reached $537k, offering a clear path to equity. Proceed with an offer at the lower end of the range, targeting a yield above 7% based on potential rents. A tailored property report would pressure-test this valuation against precise locality risks and strata health. Recent sales within 253 Bridge Road demonstrate a firm price floor for one-bedroom layouts, with 515/253 selling for $470,000 and 125/253 achieving $537,500. This unit’s guide of $410,000-$450,000 is positioned advantageously below this evidence, suggesting room for equity growth upon purchase.