501/120 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

501/120 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 40m2
Land area: 656m2
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Property Details for 501/120 Palmer St, Richmond

501/120 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 656m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in February 2018.

Building Type
Unit
Year Built
2010
Floor Size
40m2
Land Size
656m2
Local Government
Yarra
Lot/Plan
501/PS628087

Last Listing description (February 2026)

Enjoy the stunning skyline view from this fantastic 2 bedroom 2 bathroom apartment. The master bedroom boasts a king bed, wall to wall floor to ceiling robes and ensuite. The 2nd bedroom offers fantastic versatility with a foldaway bed, that transitions to a desk, ideal for using as a home office, whilst having flexibility for guest visits. The central main bathroom offers a shower over bath. The immaculate kitchen boasts Miele cooktop & oven & dishwasher. Generous Living space opening to a spacious balcony with stunning skyline views. Euro Laundry, Split system heating cooling, off street parking, and storage cage.

Close to Victoria Gardens Shopping Centre, a 15 minute tram ride to the city, bike tracks to the city and beyond, close to walking tracks by the Yarra River and has a licensed cafe on the ground floor.

Property Code: 784

Property History for 501/120 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$607,500
20 Feb 2018
Listed for Rent
$750/w
18 Feb 2026
  • 12 Jan 2026
    Listed for Rent $750 / week
  • 30 Apr 2024
    Listed for Rent $650 / week
  • 04 Nov 2020
    Listed for Rent $500 / week
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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 22,747 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 69 properties listed for sale, and 47 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1053 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.