364 Richardson Street, Middle Park, VIC 3206 | Property Value & History | OnTheHouse
OFF MARKET

364 Richardson Street
Middle Park VIC 3206

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 209m2
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Property Details for 364 Richardson St, Middle Park

Building Type
Commercial
Land Size
209m2
Local Government
Port Phillip
Lot/Plan
1/TP513439

Last Listing description (March 2022)

This could be Middle Park's rarest opportunity.

A north facing corner site in the heart of prestigious Richardson Street with driveway crossover and no significant heritage overlay. The beach at one end of the street and Albert Park Lake at the other end. Whether you are looking to build a new home, establish a commercial business using the existing building or develop the site in another way (STCA), then this really is the opportunity for you.

Previously utilised as a retail liquor store, veterinary clinic and more recently as a private residence, the current warehouse provides numerous possibilities. An extensive commercial fit-out was completed in 2020 providing multiple consulting rooms/offices, central administration space, formal entry/reception and large storage area with side driveway access. Works included a new facade, suspended ceiling, re-levelled concrete floor, air-conditioning and 3-phase power.

Situated on land of approx. 210sqm with 10 metres frontage to Richardson Street and 30 metres frontage to Langridge Street, this exceptional site is unrivalled in Middle Park due to its non-contributory overlay allowing demolition for future development (STCA).

Amazing concept plans have been prepared by renowned architect, Ashley Lochhead from ALA for a truly magnificent new home over four (4) levels featuring a luxurious master suite, open-planned living & dining areas, glass atrium, cinema, gymnasium, wine cellar & high speed lift access to all floors plus a double garage at street level. Sweeping 180 degree views of the city to the bay are possible from the sensational rooftop garden which includes an open-air lounge, dining area and circular pool. This proposed new dwelling of unprecedented style and design would likely attract international attention and become the most spectacular house ever built in Middle Park.

With a lease secured until mid 2023, use the time to finalise your plans and permits to build this absolute one-off dream home or alternatively arrange your commercial business needs in a location never to be repeated in Middle Park.

*Concept plans are available for viewing by appointment only.

Property History for 364 Richardson St, Middle Park, VIC 3206

A timeline of how this property has performed in the market
Last Sold
$3,050,000
02 Mar 2022
Listed for Rent
$767/w
27 Oct 2021
  • 02 Mar 2022
    Sold for $3,050,000
  • 01 Feb 2022
    Listed for Sale Contact Agent
  • 26 Aug 2021
    Listed for Rent - Price not available
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About Middle Park 3206

The size of Middle Park is approximately 0.9 square kilometres. It has 4 parks covering nearly 8.1% of total area. The population of Middle Park in 2016 was 4143 people. By 2021 the population was 4000 showing a population decline of 3.4% in the area during that time. The predominant age group in Middle Park is 50-59 years. Households in Middle Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Middle Park work in a professional occupation.In 2021, 66.20% of the homes in Middle Park were owner-occupied compared with 63.40% in 2016.

Middle Park has 2,170 properties. Over the last 5 years, Houses in Middle Park have seen a 14.19% increase in median value, while Units have seen a 13.19% increase. As at 30 November 2025:

  • The median value for Houses in Middle Park is $2,894,347 while the median value for Units is $868,192.
  • Houses have a median rent of $900 while Units have a median rent of $560.
There are currently no properties listed for sale, and no properties listed for rent in Middle park on OnTheHouse. According to Cotality's data, 103 properties were sold in the past 12 months in Middle park.

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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.