502/38 Elizabeth Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

502/38 Elizabeth Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 808m2
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Property Details for 502/38 Elizabeth St, Richmond

502/38 Elizabeth St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 808m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
2017
Floor Size
51m2
Land Size
808m2
Local Government
Yarra
Lot/Plan
502/PS742774

Last Listing description (January 2026)

Unfurnished 1 Bed | 1 Bath | 1 Secure Car Space + Storage

Positioned on the top floor of a boutique development comprising only 31 residences, this beautifully finished one-bedroom apartment delivers exceptional privacy, natural light and an effortless inner-city lifestyle. With only four apartments on the level, it offers a sense of space and quiet rarely found in Richmond.

The apartment features a generous open-plan layout and premium finishes throughout, including a sunny east-facing balcony capturing uninterrupted morning light perfect for unwinding, entertaining or enjoying your morning coffee. Modern design meets practical comfort with a stone-topped kitchen with SMEG appliances, generous living and dining spaces, floating floors and secure basement parking with storage.

Perfect for those seeking space, light and a peaceful home that still places you moments from the CBD and Melbournes most vibrant lifestyle precincts across Richmond, Collingwood, Fitzroy and Abbotsford.

Features include:
Boutique development of only 31 apartments, one of just four units on the top floor
Private east-facing outlook and abundant natural light
Spacious internal area approx. 50.6m
Modern stone-topped benchtops in kitchen and bathroom
SMEG appliances - integrated Fisher & Paykel dishwasher integrated large fridge space
Floating floors through entry & open-plan living - Reverse-cycle split-system heating and cooling
Well-proportioned bedroom with built-in robes
Block-out roller blinds for all windows
Sleek bathroom with oversized shower
European laundry
Secure basement car space (approx. 500cm L 200cm W 175cm H) + storage cage
Unfurnished

Outstanding lifestyle location
Set in a quiet pocket yet moments from the best of Richmond, this apartment delivers unbeatable convenience:
Walk to Bridge Road cafs, dining and shopping
Steps to Victoria Street eateries and grocers
Easy access to North Richmond Station and tram routes
Close to local farmers markets and parklands
Walk or cycle to Melbourne CBD
A short hop to Collingwood, Fitzroy and Abbotsford ideal for those who love Melbournes most vibrant food, bar and cultural precincts
Near local farmers markets, Yarra trails & parks

Whether youre seeking inner-city convenience, quality finishes, or a premium low-density living experience, this apartment delivers the best of Richmond with the added lifestyle drawcard of neighbouring inner-north hotspots.

Stay informed about updates and open times by registering your details. Once registered, you'll receive notifications for upcoming inspections and any changes. Don't miss out on the opportunity register now!

If you own a property in this building, please contact Re-define Real Estate on +61 3 9000 0678 to arrange a complimentary sale / rental appraisal.

Property History for 502/38 Elizabeth St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$465,000
25 May 2020
Listed for Rent
$600/w
04 Jan 2026
  • 30 Dec 2025
    Listed for Rent $600 / week
  • 25 May 2020
    Sold for $465,000
  • 08 May 2020
    Listed for Sale $480,000 - $515,000
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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 22,656 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:

  • The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
  • Houses have a median rent of $875 while Units have a median rent of $600.
There are currently 68 properties listed for sale, and 48 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1040 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 3121

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Cotality Copyright and Legal Disclaimers about Property Data
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.