Property Details for 7 Carroll St, Richmond
7 Carroll St, Richmond is a 12 bedroom, 11 bathroom Unit with 7 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (March 2026)
Investment Opportunity: Block of Apartments in Prime Richmond Hill Locale
Being sold as a whole, and located at 8 Carroll Street, Richmond, this modern apartment complex offers an exceptional investment opportunity in one of Melbournes most vibrant and sought-after suburbs. With a land area of approximately 401m2 this well-maintained property built in 2016 contains 5 two-bedroom residences and 2 one-bedroom units all with standalone car parks, storage and bike storage.
Key Features:
7 Residences: 5 two-bedroom apartments and 2 one-bedroom apartments, offering diverse accommodation options for tenants.
Solid Investment: With a strong rental demand in the area, this block provides a reliable source of income with excellent growth potential.
Low Maintenance: A well-cared-for property with low ongoing maintenance costs, ideal for investors seeking hassle-free returns.
Land Size: Approx. 401m2
Richmond continues to thrive as one of Melbournes most desirable locations, with ease of accessibility to the Cremorne commercial precinct, sporting precinct and CBD, making this property a fantastic addition to your portfolio. Whether you're an experienced investor or just starting out, 8 Carroll Street represents great value and endless potential.
Contact us for further information.
Property History for 7 Carroll St, Richmond, VIC 3121
- 17 Dec 2025Listed for Sale Expressions of interest
- 19 Oct 2024Sold - Price Undisclosed
- 10 Sep 2024Listed for Sale NEW PRICE $950,000 - $1,050,000
Recent sales nearby
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0About 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 22,711 properties. Over the last 5 years, Houses in Richmond have seen a 6.03% increase in median value, while Units have seen a 2.54% increase. As at 31 March 2026:
- The median value for Houses in Richmond is $1,487,516 while the median value for Units is $648,918.
- Houses have a median rent of $855 while Units have a median rent of $600.
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