406/120 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

406/120 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 656m2
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Last updated 31 Aug 2026
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Property Details for 406/120 Palmer St, Richmond

406/120 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 656m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in July 2015.

Building Type
Unit
Year Built
2011
Floor Size
70m2
Land Size
656m2
Local Government
Yarra
Lot/Plan
406/PS628087

Last Listing description (January 2026)

***TO BOOK A TIME TO INSPECT, SIMPLY CLICK ON BOOK AN INSPECTION TIME OR EMAIL AGENT TO BE NOTIFIED OF INSPECTION TIMES. BY REGISTERING, YOU WILL BE INSTANTLY INFORMED OF ANY UPDATES, CHANGES OR CANCELLATIONS FOR YOUR APPOINTMENT. IF YOU DO NOT REGISTER FOR AN INSPECTION, ACCESS MAY NOT BE PROVIDED***

Experience the best of inner-city living in this beautifully appointed one-bedroom apartment, perfectly positioned in the vibrant heart of Richmond. Surrounded by top cafs, eateries, and retail on Bridge Road, and just moments from trams, trains, the Yarra Trail, and Victoria Gardens Shopping Centre this lifestyle pad offers unbeatable convenience and modern comfort.

Property Features:

- Secure and well-maintained complex
- Open-plan living plenty of natural light
- Galley kitchen with gas cooktop, dishwasher & generous storage
- Spacious bedrooms with built-in robes
- Pristine central bathroom with
- European laundry in main bathroom
- Private balcony with beautiful Richmond outlook
- Split system heating and cooling
- Secure video intercom entry
- Secure off-street parking for one car
- New floor coverings installed and fresh paint throughout

*** For guaranteed access, please arrive at the allotted inspection start time ***

APPLYING - Apply online via 2Apply. The application will be emailed to you after you have inspected the property.
LEASE TERMS - 12 MONTHS unless otherwise specified.
PARKING PERMITS - Whilst parking permits are available for most properties, please confirm with the local council before applying for the property.
PHOTO ID MUST BE PROVIDED UPON ENTRY AT THE PROPERTY
BIGGIN SCOTT RICHMOND - NO 1 FOR PROPERTY MANAGEMENT

Property History for 406/120 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$520,000
02 Jul 2015
Listed for Rent
$725/w
15 Jan 2026
  • 12 Dec 2025
    Listed for Rent $725 / week
  • 02 Jul 2015
    Sold for $520,000
  • 02 Feb 2015
    Listed for Sale $520,000
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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 22,704 properties. Over the last 5 years, Houses in Richmond have seen a -11.55% decrease in median value, while Units have seen a -1.96% decrease. As at 31 August 2026:

  • The median value for Houses in Richmond is $1,381,048 while the median value for Units is $644,082.
  • Houses have a median rent of $895 while Units have a median rent of $625.
There are currently 72 properties listed for sale, and 42 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1052 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.