SOLD
Sold on 24 Jul 2024 for $1,620,000

89 Somerset Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 305m2
Sold By
Jellis Craig Richmond & Surrounds
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Property Details for 89 Somerset St, Richmond

89 Somerset St, Richmond is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 305m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Richmond in the last 12 months.

Building Type
House
Land Size
305m2
Local Government
Yarra
Lot/Plan
1/TP687585

Last Listing description (August 2024)

Expression of Interest closing Mon 29 July at 1pm

Augmented by rear frontage to Little Kent Street, this charismatic mid century gem affords a suite of options to move in and enjoy, personalise and extend, or execute a luxurious, multi dwelling development (STCA). Offering instant comfort and scope to lease while council plans progress, a well maintained, family focused interior enjoys brilliant coverage of natural light, with three generous bedrooms accompanied by a tidy central bathroom, broad living area, and combined kitchen/meals with plentiful bench and cabinet space. A covered outdoor setting provides a relaxing retreat for afternoons in the company of friends, while an easily kept, north facing yard stretches to feature a handy shed, parking for two, and ample kids' play space. Ripe with possibilities, further highlights include timber floors, heating/cooling, two front driveway spaces (four cars off street), a full size laundry, and zoning for Yarra Primary, Richmond High, and Melbourne Girls' College. Seconds from trams, eateries, Citizens Park, and Gleadell Street Market, while steps from scattered nightspots, Victoria Gardens (with IKEA), scenic Yarra trails, and the verve of Bridge Road.

Property History for 89 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,620,000
24 Jul 2024
  • 24 Jul 2024
    Sold for $1,620,000
  • 02 Jul 2024
    Listed for Sale Expression of Interest $1,500,000 - $1,600,000

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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 22,148 properties. Over the last 5 years, Houses in Richmond have seen a 13.68% increase in median value, while Units have seen a -0.18% decrease. As at 30 September 2024:

  • The median value for Houses in Richmond is $1,408,440 while the median value for Units is $611,438.
  • Houses have a median rent of $775 while Units have a median rent of $575.
There are currently 65 properties listed for sale, and 69 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 929 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.