381 Burnley StreetRichmond VIC 3121
Property Details for 381 Burnley St, Richmond
Last Listing description (October 2023)
Morley is please to offer for Private Sale 381 Burnley Street, Richmond.
A substantial and flexible two-level building, offering excellent income from two separate tenants.
Highly sought-after city fringe location, just 50 metres in from Swan Street and across the road from Australia Post's new $460 million National Support Centre, due for completion in 2024*
Investment with ability to part occupy
Massive future re-development up-side
Combined rental $93,045 per annum*
Land: 269 sqm*
Building: 470 sqm*
Zoned Commercial 1
Laneway on southern boundary
Exceptional local amenity
Easy access to major arterial roads, Citylink, rail and tram services. Only a stones throw away to Burnley Train Station.
Property History for 381 Burnley St, Richmond, VIC 3121
- 19 Aug 2025Sold for $2,000,000
- 02 May 2023Listed for Sale Contact Agent
- 26 Nov 2019Listed for Rent - Price not available
Recent sales nearby
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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 22,570 properties. Over the last 5 years, Houses in Richmond have seen a 7.15% increase in median value, while Units have seen a 7.35% increase. As at 30 November 2025:
- The median value for Houses in Richmond is $1,457,505 while the median value for Units is $650,028.
- Houses have a median rent of $750 while Units have a median rent of $600.
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