307/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

307/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 98m2
Land area: 8060m2
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Property Details for 307/1 Palmer St, Richmond

307/1 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 98m2. While the property is not currently for sale or for rent, it was last sold in May 2025.

Building Type
Unit
Year Built
2016
Floor Size
98m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
307E/PS640914

Last Listing description (August 2025)

Nestled in one of Richmonds most coveted addresses, this stunning two-bedroom apartment offers sophisticated city living with an abundance of space and style. Featuring a generously proportioned terrace perfect for entertaining, this residence presents a rare opportunity for discerning buyers seeking the perfect balance of convenience and comfort.

- 2 spacious bedrooms with built-in robes
- 2 luxurious bathrooms (including ensuite) PLUS large study or childrens bedroom

- Expansive terrace ideal for entertaining
- Open-plan living and dining area
- Designer kitchen with quality appliances
- Secure parking
- Split system air conditioning, polished floors, store room on same floor as residence
- Intercom security system
- Lift access
- OC fees $1817pq
- Around 88 m2 internally and 10m2 terrace approx.
- Rental potential: $800-$850 per week approx.

Positioned in the heart of Richmond, this premier location offers the ultimate lifestyle experience with an array of amenities at your doorstep. Just moments from Citizens Park as well as Bridge Road and Swan Street shopping precincts, Richmond Traders, leading cafs and restaurants, plus excellent public transport options. With the MCG, Rod Laver Arena and the Yarra River trails all within walking distance, this property represents the perfect opportunity to secure your slice of inner-city paradise.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 307/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,010,000
03 May 2025
Listed for Rent
$820/w
02 Jul 2024
  • 03 May 2025
    Sold for $1,010,000
  • 10 Apr 2025
    Listed for Sale $950,000-$1m
  • 20 Jun 2024
    Listed for Rent $820 / week
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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 22,678 properties. Over the last 5 years, Houses in Richmond have seen a -3.75% decrease in median value, while Units have seen a -1.01% decrease. As at 31 May 2026:

  • The median value for Houses in Richmond is $1,419,063 while the median value for Units is $640,066.
  • Houses have a median rent of $880 while Units have a median rent of $600.
There are currently 71 properties listed for sale, and 70 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1055 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.