5/15 Somerset Street, Richmond, VIC 3121 sold on 09 October 2025 | OnTheHouse
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Sold on 09 Oct 2025 for $575,000

5/15 Somerset Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/15 Somerset St, Richmond

5/15 Somerset St, Richmond is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Apartment sold in Richmond in the last 12 months.

Building Type
Apartment

Last Listing description (October 2025)

A compelling blend of current-day comfort and long-term investment confidence, this elevated 2 bedroom apartment infused with natural light and featuring city views savours a superb top-floor position within a boutique block of only seven. With secure parking, low outgoings and a location that captures the essence of effortless Richmond living, a sense of space is immediately apparent in this brilliantly-presented home adding to the enormous appeal for both eager owner-occupiers and astute investors. The entire top-floor front section of the block is dedicated to this wonderful home ensuring light filters in from three sides filling every corner as the layout extends from an entrance hallway to a free-flowing living and dining room with large windows and access onto a treetops balcony. An adjoining kitchen has been smartly updated balancing functionality with a touch of style, and featuring all-electric stainless-steel appliances and ample bench space and storage. Back towards the entry are 2 sizable double bedrooms with each including built-in wardrobes, while a centrally-situated bathroom enjoys a full-sized bathtub as well as internal laundry facilities. Adding to the comfort and convenience is split-system air-conditioning, electric panel heating, intercom security plus a dedicated car parking space easily accessed via Little Kent Street. Equally attractive as a home or an investment, the property is currently leased on a monthly tenancy, while annual Owners Corporation fees in this small block are minimal. Located just 200m from the unique Saturday Gleadell Street market, numerous cafés, along with expansive Citizens Park, the amazing location of this immaculately presented apartment is central to everything including Bridge Road restaurants, Victoria Gardens shopping, trams, train station and the Main Yarra Trail.

Property History for 5/15 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$575,000
09 Oct 2025
Listed for Rent
$395/w
20 May 2022
  • 09 Oct 2025
    Sold for $575,000
  • 11 Sep 2025
    Listed for Sale $540,000 - $580,000
  • 13 May 2022
    Listed for Rent $395 / week
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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 22,574 properties. Over the last 5 years, Houses in Richmond have seen a 10.22% increase in median value, while Units have seen a 7.14% increase. As at 31 October 2025:

  • The median value for Houses in Richmond is $1,444,725 while the median value for Units is $637,423.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 61 properties listed for sale, and 59 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 945 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Lee Muddle
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Angus Greene
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Jellis Craig Fitzroy
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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.