608/20 Burnley Street, Richmond VIC 3121
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 608/20 Burnley Street, Richmond VIC 3121
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
819m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!