6/25 Waltham Street, Richmond VIC 3121
6/25 Waltham Street, Richmond VIC 3121
1 bed, 1 bath, 1 car in Richmond | ~47 m² compact walk-up | Off-street parking is a genuine edge | Older brick block with heritage overlay | Serves first-home buyers and investors best
This apartment is competitively positioned through its inclusion of dedicated off-street parking, which is not standard for older walk-up stock in inner Richmond and meaningfully broadens its appeal to buyers who commute by car. The compact 47 m² floorplan is consistent with the suburb’s older apartment supply, and the solid brick construction signals reasonable longevity for a building of this era. It serves best as an entry-level purchase for first-home buyers seeking a foothold in the inner city, or as a low-maintenance investment for investors targeting rental demand from professionals and couples who prioritise location over internal space.
The heritage overlay on the site may constrain future external alterations or redevelopment potential, which could affect long-term capital growth relative to unencumbered sites. The older walk-up format and lack of building amenities may also limit price appreciation compared to newer developments with lifts and shared facilities. Buyers weighing the purchase price should consider how the compact floorplan and heritage constraints might influence resale demand, particularly if the market shifts toward larger or more amenity-rich apartments.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/25 Waltham Street, Richmond VIC 3121
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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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
-
Land
807m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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