406/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

406/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 8060m2
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Last updated 20 Apr 2026
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Property Details for 406/1 Palmer St, Richmond

406/1 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. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2016
Land Size
8060m2
Local Government
Yarra
Lot/Plan
406E/PS640914

Last Listing description (July 2023)

**ARRANGE AN INSPECTION TIME ONLINE - DETAILS BELOW**

Palmer St has set a new level of luxury and style in Richmond!


This 4th-floor apartment is perfectly designed by Fender Katsalidis Architects, with the open plan living space flowing out to the BBQ friendly balcony. The stunning Italian kitchen by Snaidero is vast and benefits from its own walk-in pantry and tempered glass joinery. The finishes are to second to none with Corian benchtops, Gaggenau appliances, Grohe tap wear & LED lit drawers.

The two bedrooms are of an excellent size, laid with 100% wool blend carpet and have ample fitted robes. The master has an ensuite and the second enjoys direct access to the balcony. The large separate study is perfect for anyone working from home.

The central bathroom is stylish & sophisticated walk-in shower and ample storage.

Everything is ducted, integrated, remote controlled or soft close, and there is on grade car parking for two vehicles.

1 Palmer Street, Richmond wouldn't be complete without a state of the art gym filled with 'Technogym' equipment.

Situated close to Bridge Road only 100m from the Gleadell St Market, trams to the city are practically on your doorstep, shops are a stroll away but without the hustle and bustle of the main roads.

If Jaques is a new word to you then it's time to get familiar. Mostly owner-occupied, in a development comprising 55 apartments in total and this is your chance to secure something very special!

Arranging an inspection is easy! To book a time to inspect, simply click on Book an Inspection Time or Email Agent to book instantly using our online system. By registering, you will be INSTANTLY informed of any updates, changes or cancellations for your appointment.

Property History for 406/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,050,000
24 Jan 2022
Listed for Rent
$925/w
04 Apr 2022
  • 09 Mar 2022
    Listed for Rent $925 / week
  • 24 Jan 2022
    Sold for $1,050,000
  • 28 Oct 2021
    Listed for Sale $1,050,000
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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 22,718 properties. Over the last 5 years, Houses in Richmond have seen a 6.03% increase in median value, while Units have seen a 2.54% increase. As at 31 March 2026:

  • The median value for Houses in Richmond is $1,487,516 while the median value for Units is $648,918.
  • Houses have a median rent of $855 while Units have a median rent of $600.
There are currently 70 properties listed for sale, and 49 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1038 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.