202/386 Burnley Street, Richmond, VIC 3121 | Apartment for sale | OnTheHouse
 
FOR SALE
$550,000 - $595,000

202/386 Burnley Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Prime Richmond Apartment with Locked-In 12-Month Tenancy & High Rental Yield

Urban Living at Its Best - Modern Apartment in the Heart of Richmond with Strong Rental Return
Welcome to the ultimate city-edge lifestyle. Perfectly positioned in one of Richmond's most connected pockets, this contemporary 2-bedroom, 2-bathroom apartment with a secure car space delivers exceptional convenience, comfort and investment appeal.
Step outside and enjoy the vibrant energy of inner-city Melbourne. You're just a short stroll to Burnley Train Station, a 1-minute drive to the Burnley Tunnel, and only 5 minutes from the CBD. Downstairs, take advantage of a buzzing selection of cafes, restaurants and boutique shops, while premier entertainment venues and nightlife are all within easy reach.
Inside, the apartment feels light, fresh and inviting, recently updated with new paint throughout. The open-plan living and dining area flows effortlessly onto your private balcony - the ideal spot to unwind or entertain. Thoughtfully designed for low-maintenance living, the home includes:
• Split-system heating and cooling
• Dishwasher and quality oven
• Secure building access with excellent security
• Move-in ready presentation
Investor Highlight:
Currently leased at $2,912 per month with a secure 12-month tenancy, this property offers a reliable rental return and outstanding investment opportunity in a high-demand location.
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Property Details for 202/386 Burnley St, Richmond

202/386 Burnley St, Richmond is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Point Cook.

Building Type
Apartment
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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the total area. The population of Richmond in 2016 was 27705 people. By 2021 the population was 28587 showing a population growth of 3.2% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 43.00% of the homes in Richmond were owner-occupied compared with 40.80% in 2016.

Richmond has 22,684 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:

  • The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
  • Houses have a median rent of $875 while Units have a median rent of $600.
There are currently 67 properties listed for sale, and 76 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1063 properties were sold in the past 12 months in Richmond.

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Ash Mahajan
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Amar Thakkar
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Ray White Point Cook
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