256 Swan Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
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256 Swan Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 184m2
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Property Details for 256 Swan St, Richmond

Building Type
Commercial
Land Size
184m2
Local Government
Yarra
Lot/Plan
1/TP700435

Last Listing description (April 2022)

AUCTION: Thursday 7 April 2022 at 1pm on-site

Outstanding investment freehold in the heart of Melbournes best city-fringe precinct.

Teska Carson strongly recommends this property for your consideration.

Income: $59,000 pa
Term: 5 + 5 years
- Two street frontages
Annual Increases: 3% pa
Rear access via Wiltshire Street
Long-standing tenant
First time offered in over 60 years

Please call for further information or to arrange an inspection.

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Property History for 256 Swan St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,895,000
07 Apr 2022
  • 07 Apr 2022
    Sold for $1,895,000
  • 04 Mar 2022
    Listed for Sale Contact Agent
  • 13 Aug 2021
    Listed for Sale FORTHCOMING SALE (DATE TBA) - Contact Agent
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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 22,566 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 57 properties listed for sale, and 40 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 981 properties were sold in the past 12 months in Richmond.

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