8/61-65 Kent Street, Richmond VIC 3121
8/61-65 Kent Street, Richmond VIC 3121
This is a top-floor, three-bedroom, one-bathroom apartment with one car space in a boutique block of nine, built in 2002. It is a corner unit with no shared walls, offering elevated Richmond views. The configuration is rare for inner-city apartment stock, where three-bedroom layouts are uncommon, and the top-floor, no-shared-wall design provides a level of privacy and separation typically found only in townhouses or small-scale developments. The building’s high owner-occupier tenure suggests a stable, well-maintained environment that appeals to buyers seeking long-term residence rather than transient investment. This property is best suited to small families or empty-nesters who want CBD proximity without sacrificing space or a quiet, village-like street character.
The property’s age, built in 2002, means finishes may feel dated compared to newer developments, which could influence perceived value for buyers prioritizing modern aesthetics. The single bathroom may be a practical constraint for a three-bedroom household, particularly for families or those expecting guests. While the boutique block limits shared amenities, it also reduces common area costs and noise. The single car space might be insufficient for a family with multiple vehicles, a factor that could narrow the buyer pool. These elements may affect how the price is negotiated, but they do not undermine the fundamental strength of the configuration and location.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/61-65 Kent Street, Richmond VIC 3121
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
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
3
Bathroom
1
Parking
1
Land
1057m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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