218/187 Lennox StreetRichmond VIC 3121
Property Details for 218/187 Lennox St, Richmond
218/187 Lennox St, Richmond is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 1732m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (July 2017)
INVEST IN YOUR FUTURE WITH OVER 7.5% RETURN!
Situated in the heart of Richmond on the Hill!
Superb, secure, long term investment opportunity offering massive returns!
- No General Maintenance costs
- No Leasing or rent collection fees
- No Vacancies
Inspect by private appointment to book click this link - https:/?/?www.purplebricks.com.au/?bookViewing?propertyId=1038
Lease Information: Leased securely to the Adara Apartment Group (Formerly Quest) and returning an impressive $450 per week.
Current Rental Income: $23,559.99 per annum
Rental Increase: 4% increase between market reviews annually
Rental Yield: 7.6% Return
Lease Term: 5 years till 2020
Options: 4 x 5 year options
Outgoings Payable by Owner:
Council rates $1,044 pa (approx.)
Water rates: $651.90 pa (approx.)
Sinking fund: $752.16 pa (approx.)
Living Area: Apartment 218 is situated on the top floor of building with the living area basking full of naturally light through the floor to ceiling windows with a sliding door opening to a juliet balcony.
Kitchen: Backed by marble tiling the modern kitchen positioned off the separate dining area is fully equipped with stainless steel appliances and a euro style laundry with plenty of cupboard space.
Bedroom: Queen size bedroom with mirror built in wardrobes is positioned away from the living area by the separate dining area to provide quiet enjoyment.
Bathroom: Updated with floor to ceiling with a combination of white and marble tiling including a modern vanity unit and bathroom/shower option.
Location: This boutique block of only 64 serviced apartments is set in the heart of one of Melbourne's most sought after suburbs and is just around the corner from vibrant Bridge Rd and only minutes away from the MCG, Rod Laver Arena and Melbourne's CBD.
Property History for 218/187 Lennox St, Richmond, VIC 3121
- 15 Dec 2016Sold for $295,000
- 29 Nov 2016Listed for Sale Not Disclosed
- 13 Sep 2012Listed for Rent - Price not available
Recent sales nearby
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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 22,565 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.
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