175 Burnley Street, Richmond, VIC 3121 sold on 25 August 2025 | OnTheHouse
SOLD
Sold on 25 Aug 2025 for $14,520,000

175 Burnley Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 175 Burnley St, Richmond

Building Type
Land
Local Government
Yarra
Lot/Plan
2/LP81644

Last Listing description (July 2021)

Richmond's Standout Development Opportunity

Colliers and Vinci Carbone are proud to exclusively offer 175 Burnley Street, Richmond For Sale via International Expressions of Interest Closing Thursday 17th June at 3pm (AEST).

Located within the exciting inner-city precinct of Richmond just 3km from the Melbourne CBD, the site offers a prime corner location with double street frontage to Burnley Street and Murphy Street totaling 95m*. Richmond is Melbourne's most in-demand suburb, with direct connectivity to public transport, major arterials, the Yarra River and immediate access to the iconic Richmond food scene.


This significant and high exposure corner freehold provides the opportunity for an array of development options including office and showroom use (STCA). A permit was previously approved for the site for a stunning and high-performance 9-level office building of circa 10,000m, which was designed by Award-winning Australian architectural firm Jackson Clements Burrows Architects.

Key features of this development site are outlined below:
- Significant landholding of 1,985m*
- Double street frontage to Burnley Street and Murphy Street totaling 95m*
- Zoning allows flexible development outcomes (STCA)
- Outstanding view lines of the CBD and surrounding parklands
- Centrally located to public transport, with Burnley Station in addition to trams along Bridge Road and Victoria Street all within close proximity

*Approximately
STCA Subject to Council Approval

For more information please contact the Colliers and Vinci Carbone exclusive selling agents:

Colliers
Peter Bremner +61 412 326 942
Ben Baines +61 438 328 407
Ted Dwyer +61 411 312 165
Rachael Clohesy +61 466 918 158

Vinci Carbone
Frank Vinci +61 418 375 375
Joseph Carbone +61 418 351 316

Property History for 175 Burnley St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$14,520,000
25 Aug 2025
  • 24 Jun 2021
    Sold - Price Undisclosed
  • 17 May 2021
    Listed for Sale Please contact agent
  • 03 Jun 2019
    Listed for Rent - Price not available
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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 22,570 properties. Over the last 5 years, Houses in Richmond have seen a 7.15% increase in median value, while Units have seen a 7.35% increase. As at 30 November 2025:

  • The median value for Houses in Richmond is $1,457,505 while the median value for Units is $650,028.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 42 properties listed for sale, and 41 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 975 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.