418/20 Burnley Street, Richmond VIC 3121

2-bed, 2-bath apartment | Burnley Street corridor | Richmond rental demand | modern complex with parking | FTTP connectivity This property occupies a strong position in Richmond’s apartment market, offering a configuration that is increasingly sought after: two separate bathrooms, a dedicated car space, and a balcony in a modern complex. For a buyer, that combination reduces competition from entry-level one-bathroom units and widens appeal to couples, professionals, and downsizers who value privacy and convenience. The location on Burnley Street provides direct access to transport, retail, and the Yarra parklands, which supports both owner-occupier livability and rental resilience. The estimated value of $551,000 and rental return of $655 per week place it in the entry-to-mid range for the suburb, making it a practical option for those seeking inner-city exposure without premium pricing. The primary risk is the building’s exposure to Burnley Street, which may generate noise depending on orientation and window quality. Body corporate fees and the owner-occupier versus investor ratio should be verified, as these affect ongoing costs and lending appetite. However, the absence of heritage, flood, or bushfire overlays reduces planning friction, and the fibre-to-the-building NBN connection adds a modest but useful amenity for remote workers. The opportunity lies in Richmond’s structural rental demand and the property’s dual-bathroom layout, which should maintain occupancy and allow for gradual capital growth in a tightly held inner suburb.