603/171 Buckingham Street, Richmond VIC 3121

Corner apartment in Lily Garden development | Study adds functional edge | No overlay constraints | School catchment advantage This apartment presents a competitive inner-city proposition primarily through its corner configuration within the Lily Garden development, which typically yields superior natural light and reduced shared-wall exposure compared to standard units in the same complex. The inclusion of a dedicated study is increasingly rare in two-bedroom apartments at this price point and directly addresses the post-pandemic buyer preference for flexible home-office space. The property is best suited to professional couples or small families prioritising school catchment access and low-maintenance living in a tightly held suburb. The absence of bushfire, flood, or heritage overlays reduces planning and insurance complexity, which is a genuine advantage for long-term holding. However, the asking range sits materially above the automated estimate, indicating either a premium for the corner position or a lag in valuation data that requires verification against recent comparable sales within the same development. Body corporate fees and the owner-occupier ratio in the building should be confirmed, as these directly affect holding costs and future resale demand. The secure car park adds practical value in a congested inner-city location.