1/21 Somerset Street, Richmond, VIC 3121 sold on 29 September 2025 | OnTheHouse
 
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Sold on 29 Sep 2025 for $650,000

1/21 Somerset Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
Land area: 512m2
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Property Details for 1/21 Somerset St, Richmond

1/21 Somerset St, Richmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 512m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 2 bedroom Unit sold in Richmond in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
59m2
Land Size
512m2
Local Government
Yarra
Lot/Plan
1/SP24995

Last Listing description (September 2025)

Phone Enquiry ID: 232182

Step into effortless urban living with this beautifully appointed two-bedroom ground-floor apartment in the heart of Richmond. Set within a boutique block of just seven, this low-maintenance residence combines spacious indoor-outdoor living with stylish finishes, making it the ideal home base or investment. With cafes, trams, trains, and vibrant local culture just a short walk away, youll love the lifestyle on offer here.

Property Highlights:

Light-filled open-plan living and dining area
Two generous bedrooms with full-height mirrored built-in robes
Stylish granite kitchen with new stainless steel appliances and dishwasher
Private courtyard garden, ideal for morning coffee or alfresco dining
Combined modern bathroom and laundry with shower over bath
Secure undercover off-street car space plus permit options (STCA)
Low owners corporation fees approx. $630 per quarter
Approx. 70sqm internal space + 30sqm private outdoor garden
Strong rental return potential: $600$650 per week
Walk to Gleadell Street Market, Swan Street cafes, schools & parks

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Property History for 1/21 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$650,000
29 Sep 2025
Listed for Rent
$399/w
23 Sep 2020
  • 29 Sep 2025
    Sold for $650,000
  • 01 Aug 2025
    Sold for $626,000
  • 07 Jul 2025
    Listed for Sale $600,000 $650,000
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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 22,564 properties. Over the last 5 years, Houses in Richmond have seen a 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:

  • The median value for Houses in Richmond is $1,507,396 while the median value for Units is $649,076.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 56 properties listed for sale, and 44 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 989 properties were sold in the past 12 months in Richmond.

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