SOLD
RECENT ADVICE
Sold on 13 Nov 2024 for $3,150,000

242 Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 540m2
Land area: 565m2
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Jones Real Estate
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Property Details for 242 Bridge Rd, Richmond

Building Type
Commercial
Floor Size
540m2
Land Size
565m2
Local Government
Yarra
Lot/Plan
2/LP140549

Last Listing description (November 2023)

Teska Carson is pleased to offer 242 Bridge Road, Richmond for Sale or Lease.

The commanding two-level freehold comprises an impressive office/showroom with 9.3 meter frontage to Bridge Road, rear access and on-site parking.


Located directly opposite the newly completed 'Richmond Quarter' development comprising over 350 build to rent apartments, 10,000sqm of retail and office including Coles. The Richmond Hill precinct is undergoing a significant resurgence with numerous high-profile mixed-use developments both recently completed or underway.

- Land Area: 565sqm
- Build Area: 475sqm
- Quality existing improvements
- Eight (8) Car Spaces
- Zoning: Commercial 1

Please do not hesitate to call for further information or to arrange an inspection.

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Property History for 242 Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$3,150,000
13 Nov 2024
Listed for Rent
$140k/w
20 Nov 2023
  • 13 Nov 2024
    Sold for $3,150,000
  • 02 Aug 2023
    Listed for Sale Offers Under Review
  • 10 Aug 2022
    Listed for Rent $140,000 / year
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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 22,237 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 67 properties listed for sale, and 68 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 925 properties were sold in the past 12 months in Richmond.

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