FOR SALE
$589,900

617/14 David Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
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Investor dream - high yield furnished apartment - 29%-38% p.a.

Phone enquiry code for this property : 6527
Abstract:
Fully furnished apartment + parking in high demand location
Address: Embassy building - 14 David St, Richmond 3121
Rent yield is 29%-38% p.a. (based on 90% LVR and 5.1% interest rate)
ANZ property valuation: $590,000 (Feb 23’)
Body Corp fees: $3600 p.a.
Size: total: 67sqm, internal: 59sqm, balcony: 8sqm
Investment is returned within 2-3 years
See detailed calculation in the ad photos.
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Property Details for 617/14 David St, Richmond

617/14 David St, Richmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 67m2. The place is currently for sale with Minus The Agent.

Building Type
Unit
Floor Size
67m2

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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 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

Richmond has 22,305 properties.

    There are currently 70 properties listed for sale, and 70 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 915 properties were sold in the past 12 months in Richmond.

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