SOLD
Sold on 19 Feb 2024 for $1,305,000

1/25 Palmer Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 4
Car spaces: 1
Land area: 61m2
Sold By
BigginScott Boroondara
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Property Details for 1/25 Palmer St, Richmond

1/25 Palmer St, Richmond is a 3 bedroom, 4 bathroom Townhouse with 1 parking spaces. The property has a land size of 61m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Townhouse sold in Richmond in the last 12 months.

Building Type
Townhouse
Land Size
61m2
Local Government
Yarra
Lot/Plan
1/PS845734

Last Listing description (February 2024)

This modern townhouse is located in a superb Richmond pocket and offers a blend of sophistication and practicality. Featuring 3 bedrooms, 4 bathrooms, and 2 car spaces, the property boasts an open-plan living/dining area with a well-designed kitchen and timber flooring throughout. The elegant stone kitchen includes glass splashbacks and stainless steel Smeg appliances. Each of the three bedrooms comes with an ensuite and built-in robes, and there is a dazzling designer bathroom as well as a European laundry. Additional amenities include a balcony/terrace and reverse cycle heating/cooling.

The townhouse is conveniently situated near Bridge Road's excellent eateries and cafes, Victoria Street restaurants, Victoria Gardens Shopping Centre, Yarra Primary School, Richmond High School, Citizens Park, St James Park, and Yarra River parklands and trails. It also offers easy access to trams, West Richmond, and Hawthorn Stations.

Property History for 1/25 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,305,000
19 Feb 2024
Listed for Rent
$1.10k/w
03 Mar 2023
  • 19 Feb 2024
    Sold for $1,305,000
  • 27 Jan 2024
    Listed for Sale Not Disclosed
  • 27 Jan 2023
    Listed for Rent $1,100 / week

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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 22,223 properties. Over the last 5 years, Houses in Richmond have seen a 3.86% increase in median value, while Units have seen a 0.62% increase. As at 31 October 2024:

  • The median value for Houses in Richmond is $1,391,709 while the median value for Units is $612,696.
  • Houses have a median rent of $775 while Units have a median rent of $575.
There are currently 72 properties listed for sale, and 66 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 916 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.