608/20 Burnley Street, Richmond VIC 3121

Two-bedroom apartment in Richmond | 53 square metres | one car space | strong rental return | fibre NBN and 5G coverage. This apartment offers a practical and highly sought-after configuration for the inner-suburban market. The two bedrooms, one bathroom, and single car space meet the core needs of first-home buyers and investors alike, while the modern finishes and open-plan kitchen with stone benchtops and Miele appliances reduce immediate maintenance obligations. The property’s absence of bushfire, flood, or heritage overlays simplifies due diligence, and its zoning for Yarra Primary School and Richmond High School broadens its appeal to families. It is best suited to buyers prioritising location and low-maintenance living over internal space. The primary risk lies in the compact 53-square-metre floorplan, which may limit appeal to owner-occupiers seeking more generous living areas. Strata fees and body corporate costs are not disclosed and should be verified, as they can materially affect net return. The last recorded sale was in 2010, leaving a gap in price history that makes trend analysis less reliable. However, the active listing across multiple portals and estimated rental income of around $645 per week indicate strong market liquidity and tenant demand, positioning this property as a solid entry point into a high-demand suburb with limited downside.