410/12 Coppin Street Richmond VIC 3121

410/12 Coppin Street Richmond VIC 3121
Penthouse position | eastern outlook | secure parking | study nook included The penthouse configuration at 410/12 Coppin Street offers a rare combination of top-floor positioning and a functional study nook, which meaningfully differentiates it from standard one-bedroom apartments in Richmond. The generous balcony and eastern aspect provide natural light and a sense of space that smaller units lack. For a professional or investor seeking a lock-and-leave home with genuine liveability, this unit competes strongly against newer stock that often sacrifices room proportions. The inclusion of a car space and Miele appliances further strengthens its appeal to buyers who value convenience without compromise. The primary risk is the flood overlay, which may affect insurance premiums and long-term resale buyer pools, though the elevated penthouse floor mitigates actual exposure. The 56mยฒ internal area is efficient but not expansive, meaning the property suits singles or couples rather than families. An opportunity exists in the study nook, which can be marketed as a work-from-home differentiator in a post-pandemic market. Holding this property as a long-term rental with steady yield is sensible, while resale timing should align with periods of low stock to maximise buyer competition.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

56mยฒ

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