602/1 Palmer Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

602/1 Palmer Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 159m2
Land area: 8060m2
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Property Details for 602/1 Palmer St, Richmond

602/1 Palmer St, Richmond is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2017. The property has a land size of 8060m2 and floor size of 159m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
2017
Floor Size
159m2
Land Size
8060m2
Local Government
Yarra
Lot/Plan
602E/PS640914

Last Listing description (November 2022)

Embracing breathtaking 180-degree views from its privileged penthouse position within the esteemed Jaques development by Fender Katsalidis, this lavishly finished 3-bedroom, 2-bath residence takes full advantage of the area's illustrious lifestyle.

Defined by premium finishes and a carefree indulgence, this elevated apartment displays the best in contemporary design and lifestyle affluence, positioned just moments from Bridge Road's vibrant cafe, bar and shopping precinct, city-bound transport and the natural beauty of the Yarra River.

An innate sense of scale and natural light abound within, supplemented by the full-width balcony delivering a desirable indoor-outdoor ambience with a rare aspect that affords absolute privacy from neighbouring properties. From the exclusive views to the designer finishes, the apartment's elite setting is met with wide board Oak floors, floor-to-ceiling glass walls, lavish surfaces and the crisp cool breeze from the alfresco terrace. The open-plan living room provides an idyllic setting for both relaxation and entertaining, enriched by a premium Gaggenau-appointed kitchen adorned with stainless steel benchtops and matching splashbacks.

Three double bedrooms with custom robes include the lavish main suite, featuring a designer dressing room and a deluxe ensuite with a freestanding bath. Unwind in a world of luxury with reverse-cycle ducted heating/cooling, a family bathroom, powder room, internal and external storage rooms, two dedicated side-by-side parking spaces, and enjoy the peaceful setting of this elite development with everything you need on your doorstep.

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 602/1 Palmer St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,875,000
29 Nov 2022
  • 29 Nov 2022
    Sold for $1,875,000
  • 10 Nov 2022
    Listed for Sale Zoom Auction Wed 29/11/22 @ 5.30pm
  • 29 Apr 2016
    Sold for $1,790,000
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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 22,564 properties. Over the last 5 years, Houses in Richmond have seen a 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:

  • The median value for Houses in Richmond is $1,507,396 while the median value for Units is $649,076.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 58 properties listed for sale, and 44 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 984 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.