402/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
OFF MARKET

402/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 98m2
Land area: 8060m2
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Last updated 18 May 2026
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Property Details for 402/1 Palmer St, Richmond

402/1 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 2 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 January 2017.

Building Type
Unit
Year Built
2016
Floor Size
98m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
402E/PS640914

Last Listing description (November 2025)

*Property is available furnished or unfurnished.

Positioned on the 4th floor, this beautifully crafted, furnished apartment combines thoughtful design with modern luxury. The open-plan living area flows effortlessly onto a private balcony perfect for entertaining. At the heart of the home, the kitchen impresses with a walk-in pantry, tempered glass cabinetry, Corian benchtops, Gaggenau appliances, and Grohe tapware, with clever LED-lit storage adding a refined touch.

Both bedrooms are generously proportioned with fitted robes and plush wool blend carpet underfoot. The master suite is complete with its own ensuite, while the second bedroom enjoys balcony access. A stylish central bathroom offers both a bath and separate shower. Comfort and convenience are assured with ducted heating and cooling, integrated appliances, remote-controlled fittings, and soft-close cabinetry throughout. Two basement car spaces are also included.

Residents enjoy exclusive access to a premium on-site gym equipped with Technogym machines. Set just 100 metres from Gleadell Street Market and moments from Bridge Road, the location provides easy city tram access while remaining tucked away from the bustle.

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Property History for 402/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,143,235
16 Jan 2017
Listed for Rent
10 Nov 2025
  • 15 Oct 2025
    Listed for Rent $1,100 / week
  • 16 Jan 2017
    Sold for $1,143,235
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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 22,693 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:

  • The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
  • Houses have a median rent of $875 while Units have a median rent of $600.
There are currently 66 properties listed for sale, and 55 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1059 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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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.

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