504/120 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

504/120 Palmer Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 3 Aug 2026
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Property Details for 504/120 Palmer St, Richmond

504/120 Palmer St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. While the property is not currently for sale or for rent, it was last sold in August 2015.

Building Type
Unit
Year Built
2011
Local Government
Yarra
Lot/Plan
504/PS628087

Last Listing description (March 2021)

Contemporary and peaceful urban living in the heart of Richmond with City Views!

Five floors up in the exclusive Niche complex, this light-filled apartment makes an ideal property with its quality features and exclusive city-edge location. Stylish interior comprises one double bedroom (with robes) and deluxe bathroom, granite-bench kitchen with stainless steel cooking appliances and integrated dishwasher, open lounge/dining area leading out to a full-width undercover terrace to entertain and enjoy the city panorama. Add to this split-system heating and cooling, concealed euro laundry, lift access to secure foyer, lower-level car space and storage cage. Private and secure with every Bridge Road amenity virtually at the doorstep, it also offers easy access to Victoria Gardens, riverside parks and trails.

** Please note that private inspections are available for this property.
Please register to request a private inspection or make an application.

We will coordinate this for you safely and in accordance with current COVID 19 guidelines. **

Property History for 504/120 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$405,000
21 Aug 2015
  • 24 Dec 2020
    Listed for Rent $380 per week
  • 21 Jun 2019
    Listed for Rent $425 per week
  • 22 Sep 2015
    Listed for Rent $430 per week
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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the 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 22,792 properties. Over the last 5 years, Houses in Richmond have seen a -10.28% decrease in median value, while Units have seen a -0.25% decrease. As at 31 July 2026:

  • The median value for Houses in Richmond is $1,386,330 while the median value for Units is $653,806.
  • Houses have a median rent of $885 while Units have a median rent of $620.
There are currently 62 properties listed for sale, and 53 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1094 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.