505/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

505/1 Palmer Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 91m2
Land area: 8060m2
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Property Details for 505/1 Palmer St, Richmond

505/1 Palmer St, Richmond is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 8060m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in November 2018.

Building Type
Unit
Year Built
2016
Floor Size
91m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
505E/PS640914

Last Listing description (December 2018)

Commanding spectacular inner city panoramas from one of Richmond best buildings known as Jaques in its final and finest building. This sophisticated apartment designed by Fender Katsilidis with 98m2 of living space combines vibrant lifestyle appeal with exceptionally comfortable living spaces. Polished timber floors flow through the remarkable open plan living area incorporating an imported Snaidero Italian kitchen fitted with state of the art Gaggenau appliances, stainless steel benchtops and intelligent storage. The generous main bedroom compasses a stylish walk through robe and modern ensuite while the second bedroom is serviced by a sleek central bathroom. Meticulously finished with high quality fittings and features throughout, this residence also enjoys a peaceful study and private balcony of 7m2, ideal for entertaining or alfresco dining against the stunning city backdrop. Appointed with the unique advantage of a storage room within the apartment plus additional features including intercom, security entrance, ducted heating and cooling, European laundry and basement parking for two side by side. Great amenities such as a fully fitted Gym and access to rooftop retreat with great views. Only steps from trend setting Bridge Road, Citizens Park and transport links.

Property History for 505/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,135,000
14 Nov 2018
  • 14 Nov 2018
    Sold for $1,135,000
  • 23 Oct 2018
    Listed for Sale $1,170,000
  • 06 Oct 2015
    Sold for $980,000
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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 22,571 properties. Over the last 5 years, Houses in Richmond have seen a 7.15% increase in median value, while Units have seen a 7.35% increase. As at 30 November 2025:

  • The median value for Houses in Richmond is $1,457,505 while the median value for Units is $650,028.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 42 properties listed for sale, and 42 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 971 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.