3/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

3/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 84m2
Land area: 8060m2
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Property Details for 3/1 Palmer St, Richmond

3/1 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 8060m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Unit
Year Built
2016
Floor Size
84m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
G03/PS640914

Last Listing description (December 2023)

Magnificent ground level property exuding quality and sophistication. For those seeking an alternative to traditional apartment style living, look no further as this ticks all the boxes. A foyer entrance greets you, leading you past two generously proportioned bedrooms arriving to a spacious open plan living and dining room enveloped in natural Eastern light streaming through the full height windows surrounding it. Featuring a gorgeous Italian kitchen with luxurious appliances, the space is further enhanced by a sensational terrace that easily accommodates outdoor living and dining. Beautiful feature joinery and storage throughout and a large walk in laundry complete this impeccable home.

Exclusive features and amenities include:
Italian kitchen by Snaidero

Gaggenau appliances
Liebherr integrated fridge
Grohe tapware
Corian kitchen island bench top
Timber oak flooring with wool carpet to bedrooms
Generous ceiling heights
Zoned reverse cycle heating and A/C throughout
Huge external store room in the hallway
Building facilities include a club style gym, rooftop deck, residents lounge, secure bike room
and onsite building manager

Relish in spectacular living in the heart of Richmond, 1 Palmer Street designed by Fender Katsalidis Architects represents an exceptional opportunity to live within one of Richmond's most coveted precincts. Moments to Bridge Road, a plethora of restaurants, weekly farmers market, schools, shops, trams, Yarra River walking trails, Victoria Gardens, the CBD and MCG the conveniences of city living are all at your doorstep.

Property History for 3/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,000,000
18 Nov 2023
  • 18 Nov 2023
    Sold for $1,000,000
  • 25 Oct 2023
    Listed for Sale Under Offer
  • 28 Jul 2016
    Sold for $890,000
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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 22,564 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 60 properties listed for sale, and 45 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 983 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.