280 Burnley Street, Richmond, VIC 3121 | House for sale | OnTheHouse
FOR SALE
Private Sale $1m-$1.1m

280 Burnley Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 152m2
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DUAL-INCOME RICHMOND OPPORTUNITY WITH VACANT RETAIL FLEXIBILITY

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Located within the heart of Richmond’s thriving commercial and lifestyle precinct, this well-presented mixed-use freehold offers secure income with long-term upside. Comprising a tenanted ground floor retail premises and leased residential apartment to the rear, the property is ideally suited to investors seeking a flexible city-fringe asset.
- Commercial/residential title
- Ground floor retail shop leased until February 2027 with further option for renewal receiving $27, 715 per annum plus GST.
- Rear residential unit securely tenanted until February 2027, receiving $530 per week / $27, 635 per annum.
- Strong mixed-use investment with diversified income streams
- Rear roller-door access and on-site parking provisions
- Excellent natural light throughout
- Future value-add and development potential (STCA)
- No Owners Corporation
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Property Details for 280 Burnley St, Richmond

280 Burnley St, Richmond is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 152m2. The place is currently for sale with Biggin Scott Richmond Pty Ltd.

Building Type
House
Land Size
152m2
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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 22,778 properties. Over the last 5 years, Houses in Richmond have seen a -6.21% decrease in median value, while Units have seen a 0.51% increase. As at 30 June 2026:

  • The median value for Houses in Richmond is $1,428,567 while the median value for Units is $652,166.
  • Houses have a median rent of $895 while Units have a median rent of $600.
There are currently 71 properties listed for sale, and 67 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1060 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Ella Vander Sluys
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Russell Cambridge
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Biggin Scott Richmond Pty Ltd
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.