7/51-53 Somerset Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

7/51-53 Somerset Street
Richmond VIC 3121

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 726m2
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Property Details for 7/51-53 Somerset St, Richmond

7/51-53 Somerset St, Richmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 726m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
Unit
Year Built
1980
Floor Size
65m2
Land Size
726m2
Local Government
Yarra
Lot/Plan
7/RP18012

Last Listing description (September 2019)

Lifestyle living at its best, this well-laid out apartment combines spacious comfort with a superb location footsteps from Citizens Park, Gleadell Streets Saturday Markets, transport and vibrant Church Street and Bridge Road. Set in a boutique block of 12, it has everything you need to feel right at home, including a central living room, rear wing with massive main bedroom with mirrored robes 2nd impressively sized bedroom with BIRs and bathroom with shower-over-the-bath, secure car space, brand-new carpets and oven and cooktop, heater in the living room, communal laundry on the same floor and huge picture windows filtering in loads of natural light in every room.

Property History for 7/51-53 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$515,000
27 Aug 2019
Listed for Rent
$400/w
20 Dec 2017
  • 27 Aug 2019
    Sold for $515,000
  • 03 Jul 2019
    Listed for Sale $515,000
  • 11 Dec 2017
    Listed for Rent - Price not available
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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the 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 22,687 properties. Over the last 5 years, Houses in Richmond have seen a -3.75% decrease in median value, while Units have seen a -1.01% decrease. As at 31 May 2026:

  • The median value for Houses in Richmond is $1,419,063 while the median value for Units is $640,066.
  • Houses have a median rent of $880 while Units have a median rent of $600.
There are currently 71 properties listed for sale, and 79 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1051 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.