487 Bridge RoadRichmond VIC 3121
Property Details for 487 Bridge Rd, Richmond
Last Listing description (October 2025)
Teska Carson are pleased to confirm the off-market sale of 487- 495 Bridge Road, Richmond.Set on over 1,600sqm of premium Richmond land, fronting both Bridge Road and Palmer Street, the outstanding result realises a 50%+ return on the vendors original outlay for the property in 2018, whilst also setting a land rate record for the street, and producing the biggest sale of Commercial 1 zoned land within Richmond for years.For other opportunities that Teska Carson have, or to discuss your own property holdings, please do not hesitate to contact Luke Bisset on 0400 344 211.
Property History for 487 Bridge Rd, Richmond, VIC 3121
- 02 Sep 2025Listed for Sale Contact Agent
- 09 Feb 2022Listed for Rent - Price not available
- 02 Sep 2021Listed for Sale SOLD - Price Withheld
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0About 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 22,713 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.
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