223/185-191 Lennox StreetRichmond VIC 3121
Property Details for 223/185-191 Lennox St, Richmond
223/185-191 Lennox St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a floor size of 51m2.
Last Listing description (November 2015)
- LOOKING FOR AN INVESTMENT WITH !!!!!!
- No Owners Corporate fees
- No General Maintenance costs
- No vacancies
- No Tenant Worries
- Guaranteed Income
- Guaranteed Annual Increases 4%
- Long Term Secure Lease
Then look no further, situated in the heart of Richmond and minutes away from the MCG, Vibrant Bridge Rd and with transport at your doorstep.
ATT. THIS IS FOR THE INVESTOR ONLY - NOT FOR OWNER OCCUPIER
Situated on the Eastern side of the complex onlooking on Lennox street and on the second level, this is a superb studio apartment presently leased to the Quest Apartment Group and returning an impressive $1,224 per month. (With annual rental increases of 4% between market reviews, usually P/A)
This boutique block of only 64 serviced apartments is set in the heart of one of Melbourne s most sought after suburbs; the building is on Richmond Hill boasting a short walk to the vibrant Bridge Rd and is only minutes away from the MCG, Rod Laver Arena and Melbourne s CBD. Features include concierge security entry, ducted heating and air conditioning and gymnasium on site. Lease term: 5 years till 2015 with four further terms of 5 years each.Quest has labeled this site as there winner
Property History for 223/185-191 Lennox St, Richmond, VIC 3121
- 04 Jun 2015Listed for Sale Not Disclosed
- 04 Dec 2013Listed for Sale 230000
- 25 Oct 2010Listed for Sale $209,000
Recent sales nearby
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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 22,793 properties. Over the last 5 years, Houses in Richmond have seen a -10.28% decrease in median value, while Units have seen a -0.25% decrease. As at 31 July 2026:
- The median value for Houses in Richmond is $1,386,330 while the median value for Units is $653,806.
- Houses have a median rent of $885 while Units have a median rent of $620.
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