5/72 Baker Street, Richmond, VIC 3121 | Unit for sale | OnTheHouse
FOR SALE
$240,000 - $260,000

5/72 Baker Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Auction Time
Thu 18 Dec 7:00 pm
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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Richmond Apartment Ripe For Renovation

OPPORTUNITY
Set in a tightly held pocket of Richmond, this one-bedroom apartment offers outstanding potential for renovators, first home buyers, and savvy investors. Ready for a full renovation, it presents a rare chance to reimagine the space entirely and add significant value in a blue-chip inner-city location. With solid bones, great natural light, and unbeatable convenience, this is the ideal blank canvas for anyone looking to create a modern home or high performing investment.
PROPERTY
The interior features a practical, light-filled layout with a living area that flows seamlessly into the original kitchen, offering an ideal canvas for a full renovation. The bedroom boasts a walk-in robe and original ensuite, presenting future renovators with ample opportunity to modernize and elevate the space.
The home also includes a designated parking space in the complex, adding ease and practicality in a high demand Richmond setting. With every room ready for improvement, this is a standout value-add opportunity.
LOCATION
Positioned moments from Victoria Gardens Shopping Centre, city-bound trams, the Yarra River walking trails, Abbotsford Convent, cafés, and the CBD; this address delivers unbeatable lifestyle convenience. Surrounded by vibrant dining, riverside recreation, and excellent transport links, it offers an enviable urban lifestyle.
Noel Jones has taken every precaution to establish the accuracy of the information provided. Some images may have been digitally enhanced or virtually staged for presentation purposes. This material does not constitute any representation by the vendor or real estate agent as to the property's current condition or features. You should rely on your own inspection and enquiries to satisfy yourself of the condition and characteristics of the property.
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Property Details for 5/72 Baker St, Richmond

5/72 Baker St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Noel Jones Whitehorse.

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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 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 22,572 properties. Over the last 5 years, Houses in Richmond have seen a 10.22% increase in median value, while Units have seen a 7.14% increase. As at 31 October 2025:

  • The median value for Houses in Richmond is $1,444,725 while the median value for Units is $637,423.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 60 properties listed for sale, and 59 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 951 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Contact agent
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Mike Muncey
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Liam Markic
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Noel Jones Whitehorse
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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.