2/87 Westbank Terrace, Richmond, VIC 3121 | Property Value & History | OnTheHouse
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2/87 Westbank Terrace
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 2 Feb 2026
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Property Details for 2/87 Westbank Tce, Richmond

2/87 Westbank Tce, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970.

Building Type
Unit
Year Built
1970
Local Government
Yarra

Last Listing description (June 2022)

Hidden Sanctuary in Quiet Richmond Pocket

Ground floor convenience in a stylish boutique block of only nine complements this appealing modern apartment. Security entrance preserves privacy and introduces an impressive interior featuring polished parquetry floors and reverse cycle heating/cooling in a central living/dining area which is accompanied by an open-plan kitchen with black granite bench-tops, glass splash-backs and Bosch appliances. Generous double bedroom, built in robes, with fully tiled designer ensuite accommodates in style, while a low-maintenance courtyard provides an inviting outdoor retreat. Perfectly situated just minutes away from the CBD, Burnley Park, Burnley Station and the Yarra River Trail, inspecting is a must!


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Property History for 2/87 Westbank Tce, Richmond, VIC 3121

A timeline of how this property has performed in the market
  • 06 Jun 2022
    Listed for Rent $430.00
  • 18 Mar 2022
    Listed for Sale $450,000
  • 21 Jan 2021
    Listed for Rent $375 per week
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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 22,569 properties. Over the last 5 years, Houses in Richmond have seen a 13.46% increase in median value, while Units have seen a 6.96% increase. As at 31 January 2026:

  • The median value for Houses in Richmond is $1,506,089 while the median value for Units is $655,807.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 58 properties listed for sale, and 45 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 999 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.