278 Victoria Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

278 Victoria Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 131m2
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Property Details for 278 Victoria St, Richmond

Building Type
Commercial
Land Size
131m2
Local Government
Yarra
Lot/Plan
6/LP25984

Last Listing description (November 2023)

POINT OF INTEREST:
Victoria Street is arguably one of the most eclectic, vibrant and high-traffic locations in the inner-east and this mixed use premises gives you the chance to not only get your brand seen at street level but also decide whether to live in or adapt the upstairs accommodation to suit your business needs.

On a prime corner where Church and Victoria Streets meet and trams grind to a halt right outside, even Blind Freddie would be able to see the potential! A blank canvas with signage rights ready to advertise for your retail adventures, there is a light-filled shopfront with a vast wrapround 27m* frontage along with a rear storeroom and laneway access.

Upstairs is all about versatility offering the chance to create further office space depending on the business niche you operate in, made more comfortable with kitchen and bathroom facilities. Instead, those who want to combine efforts could easily make this a very comfortable residence allowing you to roll out of bed and head downstairs to start trading.

Right amongst the action with a smorgasbord of business operating all around you, this a busy street with great numbers of passers-by throughout the day, while big name national retailers at nearby Victoria Gardens which include Ikea, K-mart, Freedom and Coles bring a flood of custom to the area.

- 203sqm* total building area
- Ground floor retail area 123sqm*
- First floor office/residence 90sqm*
- 27m* frontage to Victoria and Church Street
- Kitchenette and staff amenities
- Rear laneway access
- Commercial 1 Zone
- Tram stop at the door

POINT OF VIEW:
Retail success is all about exposure, and you have that in spades at this brilliantly located premises on one of the areas most prominent corners with a huge street frontage.

*Approx.

Property History for 278 Victoria St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$225,000
25 Jan 2001
Listed for Rent
$1.20k/w
15 Sep 2023
  • 12 May 2023
    Listed for Rent - Price not available
  • 31 Jul 2018
    Listed for Rent $63,500 / year
  • 02 Mar 2017
    Listed for Rent - Price not available
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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 22,612 properties. Over the last 5 years, Houses in Richmond have seen a -6.21% decrease in median value, while Units have seen a 0.51% increase. As at 30 June 2026:

  • The median value for Houses in Richmond is $1,428,567 while the median value for Units is $652,166.
  • Houses have a median rent of $895 while Units have a median rent of $600.
There are currently 71 properties listed for sale, and 68 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1051 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.