59B Somerset Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

59B Somerset Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 59b Somerset St, Richmond

59b Somerset St, Richmond is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1998. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
1998
Local Government
Yarra
Lot/Plan
2/PS412206

Last Listing description (October 2023)

LARGE TOWNHOUSE IN CENTRAL RICHMOND!

From the expansive proportions to the clean finishes and desirable indoor-outdoor space, every aspect of this residence reflects modern refinement and flawless functionality in a genuine lifestyle position. In a coveted tree-lined locality, it is enviably positioned just moments from Bridge Road, Victoria Street and Swan Street shops and restaurants, Gleadell Street Market, Richmond Recreation Centre, Citizens Park, trams and trains. It is also surrounded by excellent primary and secondary, public and private schools, falling within the Melbourne Girls College zone.

Beyond a neat picket fenced front garden, open spaces unfold over two levels via the formal living room. High ceilings and hardwood timber floors carry through to the light-filled open plan kitchen and dining spaces at the rear. The entertainer's kitchen is well serviced with quality stainless steel appliances, including SMEG oven and Bosh dishwasher. Catering to alfresco dining, the bifold doors at the rear reveal a seamless indoor-outdoor flow for year-round enjoyment within the bluestone paved courtyard garden, scented with Star Jasmine.

An open third living area at the top of the stairs provides a handy working from home space. The north facing main bedroom with ensuite is supplemented by two additional robed bedrooms and a central spa bathroom upstairs. A third bathroom/powder room and separate laundry offer further conveniences for growing families, with impressive features including ducted heating, split system cooling and ample storage.

- Timeless home with family friendly space both inside and out
- Ducted heating and split system cooling
- Hardwood timber floors and 9ft high ceilings
- SMEG oven and MIELE dishwasher
- Plantation style venetian blinds throughout
- 3-bedrooms, 2.5-bathrooms
- 3 living areas
- Large laundry and powder room
- Plenty of storage throughout
- Permits available for two car parks from Yarra City Council
- No Owners Corporation fees
- 146sqm internally and 36sqm externally approx.
- Potential Rent: up to $1,000 per week ($52,000 p.a)

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 59b Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,415,000
14 Oct 2023
  • 14 Oct 2023
    Sold for $1,415,000
  • 21 Sep 2023
    Listed for Sale $1.25m-$1.35m
  • 10 Aug 2022
    Listed for Rent Reduced to $750 per week
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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 22,570 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 41 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.