402/1 Palmer StreetRichmond VIC 3121
Property Details for 402/1 Palmer St, Richmond
402/1 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 8060m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in January 2017.
Last Listing description (November 2025)
*Property is available furnished or unfurnished.
Positioned on the 4th floor, this beautifully crafted, furnished apartment combines thoughtful design with modern luxury. The open-plan living area flows effortlessly onto a private balcony perfect for entertaining. At the heart of the home, the kitchen impresses with a walk-in pantry, tempered glass cabinetry, Corian benchtops, Gaggenau appliances, and Grohe tapware, with clever LED-lit storage adding a refined touch.
Both bedrooms are generously proportioned with fitted robes and plush wool blend carpet underfoot. The master suite is complete with its own ensuite, while the second bedroom enjoys balcony access. A stylish central bathroom offers both a bath and separate shower. Comfort and convenience are assured with ducted heating and cooling, integrated appliances, remote-controlled fittings, and soft-close cabinetry throughout. Two basement car spaces are also included.
Residents enjoy exclusive access to a premium on-site gym equipped with Technogym machines. Set just 100 metres from Gleadell Street Market and moments from Bridge Road, the location provides easy city tram access while remaining tucked away from the bustle.
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Property History for 402/1 Palmer St, Richmond, VIC 3121
- 15 Oct 2025Listed for Rent $1,100 / week
- 16 Jan 2017Sold for $1,143,235
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About Richmond 3121
The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the total area. The population of Richmond in 2016 was 27705 people. By 2021 the population was 28587 showing a population growth of 3.2% 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 over $4000 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 43.00% of the homes in Richmond were owner-occupied compared with 40.80% in 2016.
Richmond has 22,792 properties. Over the last 5 years, Houses in Richmond have seen a -10.28% decrease in median value, while Units have seen a -0.25% decrease. As at 31 July 2026:
- The median value for Houses in Richmond is $1,386,330 while the median value for Units is $653,806.
- Houses have a median rent of $885 while Units have a median rent of $620.
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