1/39-45 Somerset Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

1/39-45 Somerset Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 44m2
Land area: 1020m2
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Last updated 21 Sep 2026
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Property Details for 1/39-45 Somerset St, Richmond

1/39-45 Somerset St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1020m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1960
Floor Size
44m2
Land Size
1020m2
Local Government
Yarra
Lot/Plan
1/RP1207

Last Listing description (March 2022)

Inspections are strictly by private appointment only

Expressions of Interest Closing Friday 29th October at 2pm

An excellent opportunity for an entry level purchase wanting to take advantage of the first home buyer duty exemption or savvy addition to an investment portfolio, this ground floor domain is light, bright and airy. A great base for contemporary living, with allocated parking included, easily maintained accommodation comprises lounge with leafy outlook and storage, complemented by a sleek kitchen with stainless steel appliances. The light filled bedroom includes built in robes and the adjacent bathroom includes laundry facilities. Excellent proximity to an array of amenities including Citizens Park, Bridge Road's caf, bar and restaurant culture, with Melbourne Park and the MCG within easy reach, this world class location confirms the impressive lifestyle that awaits.

Property History for 1/39-45 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$300,000
27 Oct 2021
Listed for Rent
$350/w
27 Jan 2016
  • 27 Oct 2021
    Sold for $300,000
  • 04 Aug 2021
    Listed for Sale Contact Agent
  • 27 Jan 2016
    Listed for Rent $350 / 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 22,749 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 48 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1032 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.