159 Lennox Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
FOR SALE

159 Lennox Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 299m2
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Property Details for 159 Lennox St, Richmond

159 Lennox St, Richmond is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 299m2.This Property is currently listed for sale with Biggin Scott Richmond Pty Ltd

Building Type
House
Land Size
299m2
Local Government
Yarra
Lot/Plan
1/PS439516

Last Listing description (May 2026)

Positioned in one of Richmonds most tightly held and highly sought-after pockets, 159 Lennox Street presents an exceptional opportunity for medical professionals, investors, or visionary buyers seeking a versatile property with strong future upside.Located just 250 metres from Epworth Hospital, this property sits firmly within Richmonds thriving medical precinctmaking it an ideal choice for practitioners looking to establish or expand their presence in a premium healthcare location.Currently operating as a medical practice, the property is well-maintained, in excellent condition, and ready for immediate useallowing an incoming buyer to step in and commence operations without delay.Key features include:- One well-proportioned consulting room, and one fully fitted office- Existing medical permit in place- Two off-street car spaces for added convenience- Fully accessible, single-level layoutideal for patients of all abilities- Disabled bathroom facilities, ensuring ease of use and complianceAccessibility is second to none, with easy walking distance to Bridge Roads vibrant retail and dining strip, multiple tram routes, and Richmond Train Stationproviding seamless connectivity for both patients and staff.Set on approximately 300sqm of land, the property also offers exciting flexibility beyond its current use. While perfectly suited for continued medical or allied health operations, there is significant potential for renovation or transformation into a unique residential home (STCA), capitalising on its prime location and generous landholding.Whether youre a medical professional seeking a strategic location, an investor chasing a high-demand asset, or a creative buyer ready to unlock its residential potential, this is a rare Richmond offering not to be missed.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 159 Lennox St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$500,000
21 Feb 2004
  • 18 Mar 2026
    Listed for Sale Under Offer
  • 21 Feb 2004
    Sold for $500,000
  • 02 Mar 1979
    Sold for $37,500
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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 22,719 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:

  • The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
  • Houses have a median rent of $875 while Units have a median rent of $600.
There are currently 70 properties listed for sale, and 46 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1054 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.