505/120 Palmer StreetRichmond VIC 3121
Property Details for 505/120 Palmer St, Richmond
505/120 Palmer St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 650m2 and floor size of 38m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Richmond in the last 12 months.
Last Listing description (March 2024)
With picturesque views of the city and the Melbourne skyline from your private balcony, and centrally positioned right in the heart of Richmond with Bridge Road shopping, cafes, restaurants, specialty retail shops, transport, this beautifully presented 1 bedroom apartment is situated close to the Yarra River fitness trail, Melbourne Girls College, Victoria Gardens shopping as is the CBD and the MCG. Zoned for Richmond High & Yarra Primary School.
Featuring black granite kitchen benches, floorboards, and a spacious living/dining area with one of the best views of the Melbourne CBD this well presented property would suit first home buyers wanting to break into the inner city residential market, investors as every conceivable facility is at your door which makes it perfect for tenants, or alternatively, it could be the perfect space for downsizers needing a city escape.
This property includes a dishwasher, split system A/C, built in robes to the bedroom, spacious lounge area, well-proportioned balcony, security entrance with video intercom, and a car space with storage cage.
Property History for 505/120 Palmer St, Richmond, VIC 3121
- 06 Mar 2024Sold for $352,000
- 08 Feb 2024Listed for Sale Sold
- 12 Aug 2021Listed for Rent $360 / week
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0About 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.
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