242 Bridge Road, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
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242 Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 540m2
Land area: 566m2
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Property Details for 242 Bridge Rd, Richmond

Building Type
Commercial
Floor Size
540m2
Land Size
566m2
Local Government
Yarra
Lot/Plan
2/LP140549

Last Listing description (November 2023)

Teska Carson is pleased to offer 242 Bridge Road, Richmond for Sale or Lease.

The commanding two-level freehold comprises an impressive office/showroom with 9.3 meter frontage to Bridge Road, rear access and on-site parking.


Located directly opposite the newly completed 'Richmond Quarter' development comprising over 350 build to rent apartments, 10,000sqm of retail and office including Coles. The Richmond Hill precinct is undergoing a significant resurgence with numerous high-profile mixed-use developments both recently completed or underway.

- Land Area: 565sqm
- Build Area: 475sqm
- Quality existing improvements
- Eight (8) Car Spaces
- Zoning: Commercial 1

Please do not hesitate to call for further information or to arrange an inspection.

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Property History for 242 Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$3,150,000
13 Nov 2024
Listed for Rent
$140k/w
20 Nov 2023
  • 13 Nov 2024
    Sold for $3,150,000
  • 02 Aug 2023
    Listed for Sale Offers Under Review
  • 10 Aug 2022
    Listed for Rent $140,000 / year
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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 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:

  • The median value for Houses in Richmond is $1,507,396 while the median value for Units is $649,076.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 53 properties listed for sale, and 45 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 992 properties were sold in the past 12 months in Richmond.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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