225/8 Garfield Street

Richmond
Bedrooms 1
Bathrooms 1
Parking 1
UNDER OFFER!
Resources
PDF Brochure
Property Information
Region
Inner City
Category
Apartment
Bedrooms
1
Bathrooms
1
Other Parking
1
Close to Schools
Close to Shops
Close to Transport

High-Returning Investment with Secure Tenant at $575pw

An exceptional opportunity for investors to secure a low-maintenance, high-performing asset in the heart of Richmond, this stylish one-bedroom, one-bathroom apartment delivers immediate returns and long-term appeal.

Currently leased at $575 per week, with a reliable tenant keen to renew, this is the ultimate set-and-forget investment offering continuity of income from day one.

Investment Highlights:

Strong rental return – $575 per week in a high-demand location
Tenant ready to renew – Minimise vacancy and secure ongoing income
Low-maintenance modern apartment – Ideal for hassle-free ownership
Located within "The Hub" – A sought-after development with consistent rental appeal

Property Features:

Contemporary kitchen – Stainless steel appliances and smart storage
Open-plan living & dining – With split system heating and cooling
Private balcony – Attractive outdoor space for tenants
Spacious bedroom – With built-in robes
Modern bathroom – Includes integrated laundry facilities
Secure basement car space & storage cage – Added value and convenience

Location Benefits:

Positioned in the heart of Richmond's vibrant lifestyle precinct
Moments from cafés, restaurants, bars and boutique shopping
Close to parks, gardens and Melbourne's premier sporting venues
Excellent public transport options with easy CBD access (approx. 2.5km)

A smart addition to any portfolio, combining strong returns, tenant security, and blue-chip location appeal.

Richmond Market Trends & Statistics

Recent Median Prices
Previous quarter
Houses
-5.32%
$1,425,000
Units
-21.19%
$595,000
Housing Stock Breakdown
Suburb market composition
22,478
Properties
32.93% Houses (7,403)
67.07% Units (15,075)

Nearby schools in and around Richmond

Richmond West Primary School
Primary
0.36 km
Catchment
Abbotsford Primary School
Primary
0.72 km
 
Collingwood English Language School
Special
1.02 km
 
Collingwood College
Combined
1.03 km
 
Melbourne Indigenous Transition School
Special
1.14 km
 
Lynall Hall Community School
Secondary
1.15 km
 
Richmond High School
Secondary
1.24 km
Catchment
Ignatius Learning Centre
Special
1.27 km
 
St Joseph's School
Primary
1.47 km
 
Sophia Mundi Steiner School
Combined
1.54 km
 

"Distance" refers to the straight line between the property and the school address on our database. We recommend contacting schools directly regarding zoning and admissions.

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