7/39-45 Somerset Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

7/39-45 Somerset Street
Richmond VIC 3121

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 1020m2
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Last updated 2 Feb 2026
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Property Details for 7/39-45 Somerset St, Richmond

7/39-45 Somerset St, Richmond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1020m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in January 2013.

Building Type
Unit
Floor Size
51m2
Land Size
1020m2
Local Government
Yarra
Lot/Plan
7/RP1207

Last Listing description (May 2018)

BOOK ONLINE NOW FOR PRIVATE INSPECTION - Set on the first floor of a small complex of twenty, this light filled apartment is perfect entry point to a premium inner city living experience in the beating heart of Richmond. It combines bright breezy interiors, recently renovated finishes and elevated outlooks to deliver a quality city base or investment prospect. Comprising of an open plan kitchen with stainless steel oven, lounge/dining, a double bedroom and a surprisingly spacious white bathroom. Off street parking and laundry taps add to the comfort. Conveniently located with the Yarra River, Victoria Gardens, transport and Bridge Road s cafes and restaurants a short stroll. This property is one not to miss!
Please note: Open for Inspection times are subject to change or cancellation without notice. We highly recommend registering to our inspections to be notified of any changes.

Property History for 7/39-45 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$318,200
30 Jan 2013
Listed for Rent
$375/w
31 May 2018
  • 30 Apr 2018
    Listed for Rent - Price not available
  • 23 Feb 2018
    Listed for Sale $310,000 - $330,000
  • 09 Oct 2015
    Listed for Rent $320 / 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 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 45 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 996 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.