505/1 Studio Walk, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

505/1 Studio Walk
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 14726m2
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Property Details for 505/1 Studio Walk, Richmond

505/1 Studio Walk, Richmond is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 14726m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
Unit
Year Built
2014
Floor Size
77m2
Land Size
14726m2
Local Government
Yarra
Lot/Plan
505A5/PS649659

Last Listing description (March 2019)

Nestled in the iconic Channel Nine development, this sophisticated apartment boasts generous proportions and represents an ideal opportunity for first homebuyers and investors. Perfectly situated in a peaceful borough, this residence features the finest in contemporary design with vibrant dining and entertainment moments away. Plentiful natural light highlights the substantial dimensions of the home, with breathtaking views to the north and south of Melbourne. The expansive living area connects to a chic kitchen fitted with Smeg oven, dishwasher and induction cooktop, while a sun drenched north facing balcony provides an alfresco dining space that can be enjoyed all year round. Two bedrooms showcasing outlooks towards the Yarra River are equipped with built in robes, including the main with sleek ensuite. Also features European laundry, intercom entry and underground parking, located steps away from Burnley Park, Burnley Street restaurants and plentiful public transport.

Property History for 505/1 Studio Walk, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$665,000
17 Feb 2019
Listed for Rent
$520/w
10 Sep 2014
  • 17 Feb 2019
    Sold for $665,000
  • 22 Jan 2019
    Listed for Sale $690,000
  • 06 Sep 2014
    Listed for Rent - Price not available
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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 22,569 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 40 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 975 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.