705/1 Railway Place, Cremorne, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

705/1 Railway Place
Cremorne VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 68m2
Land area: 587m2
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Property Details for 705/1 Railway Pl, Cremorne

705/1 Railway Pl, Cremorne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 587m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in February 2015.

Building Type
Unit
Year Built
2016
Floor Size
68m2
Land Size
587m2
Local Government
Yarra
Lot/Plan
95/PS721535

Last Listing description (July 2026)

Positioned within the award-winning Green Edge development, this architecturally designed residence combines premium finishes, thoughtful design and outstanding sustainability. Showcasing elevated views, two dedicated study nooks and seamless indoor-outdoor living, it delivers an exceptional lifestyle opportunity just moments from the CBD.

- Welcomed by an entrance hall, the home opens to a light-filled open-plan living and dining area, enhanced by engineered oak flooring, exposed concrete ceilings and floor-to-ceiling glazing, flowing effortlessly to a private balcony with sweeping views.

- Designer kitchen showcasing stone benchtops, premium Fisher & Paykel appliances, an electric cooktop, integrated fridge/freezer and dishwasher, mirrored splashback, and extensive cabinetry.
- Spacious main bedroom complete with mirrored built-in robes, a dedicated study nook, direct balcony access, and the luxury of a beautifully appointed ensuite.
- Well-proportioned second bedroom featuring mirrored built-in robes and its own dedicated study nook, ideal for working from home or additional flexibility.
- Contemporary central bathroom finished with quality fixtures, floor-to-ceiling tiling and a sleek, modern design.
- Separate European laundry discreetly integrated within the hallway, for everyday convenience.
- Split-system heating and cooling for year-round comfort.
- Residents enjoy exclusive access to a rooftop garden, BBQ facilities and an entertaining terrace with spectacular city views.
- Estimated rental return of $775 $825 per week approx. (Up to $42,900pa)
- 1 X secure garage car space plus 1X secure storage cage.
- 76sqm approx. of lifestyle living.

Enjoy an exceptional Richmond lifestyle with Swan Street's renowned cafs, restaurants, wine bars and boutique shopping all within easy walking distance. Grab your morning coffee or brunch from the much-loved Roti John's, conveniently located on the ground floor of the building, while the Yarra River trails, Royal Botanic Gardens, the MCG, AAMI Park and Melbourne's world-class sporting precinct are all just moments away. When it's time to commute, East Richmond Station, servicing the Belgrave, Lilydale, Alamein and Glen Waverley lines, is only a short stroll away, providing effortless access to the CBD and beyond.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 705/1 Railway Pl, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$680,000
04 Feb 2015
Listed for Rent
$600/w
22 Aug 2016
  • 16 Jul 2026
    Listed for Sale Private Sale $620,000-$650,000
  • 22 Jul 2016
    Listed for Rent - Price not available
  • 21 Apr 2016
    Listed for Sale Private Sale
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About Cremorne 3121

The size of Cremorne is approximately 0.7 square kilometres. There are 3 parks, covering nearly 0.5% of the total area. The population of Cremorne in 2016 was 2018 people. By 2021 the population was 2158 showing a population growth of 6.9% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation.In 2021, 48.30% of the homes in Cremorne were owner-occupied compared with 48.90% in 2016.

Cremorne has 2,342 properties. Over the last 5 years, Houses in Cremorne have seen a -11.55% decrease in median value, while Units have seen a -10.70% decrease. As at 30 June 2026:

  • The median value for Houses in Cremorne is $1,323,240 while the median value for Units is $713,109.
  • Houses have a median rent of $840 while Units have a median rent of $700.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Cremorne on OnTheHouse. According to Cotality's data, 114 properties were sold in the past 12 months in Cremorne.

Suburb Insights for Cremorne 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.