OFF MARKET

405/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 91m2
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Last updated 30 Sep 2024
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Property Details for 405/1 Palmer St, Richmond

405/1 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
Unit
Year Built
2016
Floor Size
91m2
Local Government
Yarra
Lot/Plan
405E/PS640914

Last Listing description (July 2024)

Nestled on the 4th floor, this meticulously designed, unfurnished apartment offers a seamless open-plan living space that extends to a BBQ-friendly balcony. The kitchen is a standout feature, featuring a walk-in pantry and sleek tempered glass joinery. Enjoy unparalleled quality with Corian benchtops, Gaggenau appliances, Grohe tapware, and LED-lit drawers.

Both bedrooms are generously sized, adorned with luxurious 100% wool blend carpet and ample fitted robes. The master bedroom boasts an ensuite, while the second bedroom offers direct access to the balcony. The central bathroom exudes style and sophistication, featuring a bath and separate shower.

Every detail is catered for with ducted heating and cooling, integrated appliances, remote-controlled features, and soft-close mechanisms throughout. The property also includes underground parking for two vehicles. Residents also have access to the state-of-the-art gym equipped with 'Technogym' equipment, adding convenience and luxury to your lifestyle.

*Please note this property is unfurnished

Located just 100m from Gleadell Street Market and close to Bridge Road, this residence offers easy access to city-bound trams while providing a serene living environment away from the main thoroughfares.

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Property History for 405/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,285,000
06 Jun 2018
Listed for Rent
$950/w
02 Jul 2024
  • 16 Oct 2023
    Listed for Rent $950 / week
  • 17 Dec 2021
    Listed for Rent $900 / week
  • 06 Jun 2018
    Sold for $1,285,000
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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 22,330 properties. Over the last 5 years, Houses in Richmond have seen a 19.38% increase in median value, while Units have seen a 4.09% increase. As at 31 August 2024:

  • The median value for Houses in Richmond is $1,450,223 while the median value for Units is $622,221.
  • Houses have a median rent of $760 while Units have a median rent of $575.
There are currently 71 properties listed for sale, and 72 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 949 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.