318 Burnley Street, Richmond, VIC 3121 | House for sale | OnTheHouse
 
FOR SALE
$1,488,888 - $1,588,888

318 Burnley Street
Richmond VIC 3121

Bedrooms: 5
Bathrooms: 1
Car spaces: 1
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Rare Richmond Opportunity with Approved Plans in Premier Lifestyle Pocket

Superbly positioned between Bridge Road and Swan Street in the heart of Richmond, this exceptionally spacious family home presents an outstanding opportunity to secure a versatile property in one of Melbourne's most vibrant inner-city locales. Just steps from scenic river trails, Victoria Gardens Shopping Centre, and a range of dining and transport options, the location delivers both lifestyle appeal and future potential.
Set on a generous 305m² allotment (approx. 10.4m x 29.3m) with General Residential Zoning (GRZ4), the home currently offers up to six bedrooms, two separate living areas, a central kitchen and bathroom, and off-street parking for one vehicle (with additional council permits available). Ideal for large families or savvy investors, the home is well-suited to both immediate occupation and future renovation or redevelopment.
Adding further appeal, the property comes with approved plans and permits for two generously proportioned townhouses (available on request), making this a rare chance to capitalise in a tightly held, high-growth location. Moments from Burnley Station, Richmond High School, Melbourne Girls' College and Trinity Catholic Primary, this is an unmissable opportunity to secure space, lifestyle, and future potential in one of Melbourne's most dynamic suburbs.
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Property Details for 318 Burnley St, Richmond

318 Burnley St, Richmond is a 5 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Zed Real Estate.

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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of 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 22,571 properties. Over the last 5 years, Houses in Richmond have seen a 10.22% increase in median value, while Units have seen a 7.14% increase. As at 31 October 2025:

  • The median value for Houses in Richmond is $1,444,725 while the median value for Units is $637,423.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 60 properties listed for sale, and 56 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 945 properties were sold in the past 12 months in Richmond.

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Raaym Wasim
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Wasim Shahzad
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