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.
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.
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:
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