SOLD
Sold on 22 Dec 2023 for $620,000

106/120 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 72m2
Land area: 650m2
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Property Details for 106/120 Palmer St, Richmond

106/120 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 650m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Richmond in the last 12 months.

Building Type
Unit
Year Built
2011
Floor Size
72m2
Land Size
650m2
Local Government
Yarra
Lot/Plan
106/PS628087

Last Listing description (February 2019)

An abundance of natural light fills this apartment. The stylish, modern kitchen with gas cooking, open plan living with split system heating/cooling, sleek modern main bathroom and ensuite, large balcony and secure parking and storage cage complete this package. Additional features include laundry, D/W, secure entrance and in an excellent location with the convenience of trams, shops and restaurants, bars and cafes all close by.

Property History for 106/120 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$620,000
22 Dec 2023
Listed for Rent
$560/w
22 Feb 2019
  • 22 Dec 2023
    Sold for $620,000
  • 15 Jan 2019
    Listed for Rent - Price not available
  • 08 Sep 2011
    Sold for $515,000
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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 22,205 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 68 properties listed for sale, and 63 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 914 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.