5/16 Derby StreetRichmond VIC 3121
Property Details for 5/16 Derby St, Richmond
5/16 Derby St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1202m2 and floor size of 38m2.
Last Listing description (October 2025)
Located in one of Richmond's most desirable streets, this light-filled, low-maintenance apartment presents the ideal combination of comfort, style, and convenience. Nestled within a quiet boutique block, the home offers a sense of privacy while still placing you at the centre of everything this sought-after suburb has to offer. Inside, the spacious open-plan living and dining area is bathed in natural light, creating a warm and inviting atmosphere perfect for both relaxing and entertaining. The modern kitchen is fitted with stainless steel appliances and ample storage, making it as functional as it is stylish.
The generous bedroom includes built-in robes, providing excellent storage, while the sleek bathroom features contemporary finishes and a washing machine for added convenience. High-quality design elements and a practical layout ensure the home is both comfortable and low-maintenance.
Enjoy all that Richmond has to offer, with Bridge Road's vibrant cafes, restaurants, shops, and public transport just moments away. With easy access to Citizens Park, local amenities, and the CBD, this is an ideal home for those seeking a vibrant inner-city lifestyle.
Property History for 5/16 Derby St, Richmond, VIC 3121
- 17 Sep 2025Listed for Rent $475 / week
- 21 Feb 2023Listed for Rent $425 / week
- 03 Feb 2021Listed for Rent $300 / 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 22,712 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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