707/70 Burnley Street Richmond VIC 3121

Near-new one-bedroom in boutique Richmond block | Rooftop garden and gym included | 59sqm with car and storage | Sought-after Burnley pocket with city proximity The buying case rests on a near-new apartment offering a rare combination of private outdoor space, a car space, and a storage cage within a small, well-managed block. The 59sqm total footprint, including an 8sqm balcony, is generous for a one-bedroom and positions the property well against newer stock that often sacrifices square metres for amenity. The rooftop garden, gym, and cinema room add lifestyle value without high body corporate fees typical of larger developments. This unit suits a first-home buyer seeking immediate occupancy with low maintenance, or an investor targeting the professional tenant demographic drawn to Richmond’s café culture and transport links. The timber floors and stone finishes lift the perceived quality above entry-level offerings, supporting both rental yield and resale appeal. The primary risk is the absence of recent comparable sales data for this specific development, making the asking price range of $445,000–$465,000 difficult to benchmark against market evidence. Buyers should verify whether the estimated $1.3 million figure from some sources reflects a whole-building valuation or a data error, as it is inconsistent with the listing price. The lack of strata fees and council rates in available information means ongoing costs must be requested from the agent before committing. The opportunity lies in negotiating from a position of knowledge: the property has been on market for only six days, so a prompt, pre-auction offer with a 30-day settlement could secure a discount if the vendor is motivated. Hold this property as a long-term rental or owner-occupied base in a suburb with consistent capital growth; do not expect short-term flipping gains.