501/1 Palmer Street, Richmond, VIC 3121 sold on 08 May 2025 | OnTheHouse
 
SOLD
Sold on 08 May 2025 for $610,000

501/1 Palmer Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 8060m2
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MRE South Yarra
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Property Details for 501/1 Palmer St, Richmond

501/1 Palmer St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 8060m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 1 bedroom Unit sold in Richmond in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
84m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
501E/PS640914

Last Listing description (June 2025)

Boasting generous proportions, park views and northern sunshine streaming through, this spacious property seamlessly blends comfort and style creating a warm and inviting atmosphere. A welcoming hallway entrance leads past a vast internal storage room to an impressive Italian kitchen featuring Gaggenau appliances and sleek stainless steel bench tops. Uncompromised on size, the expansive open plan living and dining room is the perfect space for entertaining or relaxing, whilst an extra-large study room can also function as a spare guest room. Further enhancing this property's appeal is a covered, private balcony overlooking the park, an ideal retreat for a morning coffee or an evening refreshment.

Exuding designer chic with European finishes throughout, features include:
Snaidero kitchen with stainless steel bench tops

Gaggenau appliances including dishwasher, range, cooktop and oven
Integrated Gorenje fridge
Luxe bathroom with full height tiling, custom vanity with Corian sink, Grohe tapware and rain shower
Sensational study room easily converts to guest room
Zoned reverse cycle heating and cooling
Timber floors throughout, carpet to bedroom
Club style gym, courtyard, residents lounge, roof deck
Bike room
Full time building manager

Exquisitely designed, No.1 Palmer by Fender Katsalidis Architects exudes quality and a standard of excellence that's rarely found. Residents can indulge in sensational facilities including a rooftop deck, club style gym and lounge whilst also enjoying a prized location moments from Bridge Road, weekly farmers markets, schools, shops, restaurants and trams, Citizens Park, Yarra River walking trails and Victoria Gardens. Tightly held and rarely offered this is an incredible opportunity to live in one of Richmond's most sought-after addresses.

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Property History for 501/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$610,000
08 May 2025
  • 08 May 2025
    Sold for $610,000
  • 25 Mar 2025
    Listed for Sale $610,000
  • 31 Jan 2015
    Sold for $580,000
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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 22,568 properties. Over the last 5 years, Houses in Richmond have seen a 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:

  • The median value for Houses in Richmond is $1,507,396 while the median value for Units is $649,076.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 55 properties listed for sale, and 42 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 992 properties were sold in the past 12 months in Richmond.

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