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

7 Somerset Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 294m2
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Last updated 19 Jan 2026
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Property Details for 7 Somerset St, Richmond

7 Somerset St, Richmond is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 294m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
House
Land Size
294m2
Local Government
Yarra
Lot/Plan
1/TP704695

Last Listing description (March 2024)

Enjoying floor plan simplicity, ageless character, and a north facing aspect, this freestanding Edwardian provides inviting inner city ease with stirring scope to personalise or start anew. Affording an immediate sense of calm and space, high ceilings display detail synonymous with the era, with a welcoming entrance hall culminating in relaxing living areas at plan's rear. Augmented by hydronic heating throughout, a gas fire makes for warm and cosy evenings in a serene sitting room, while an open family/dining space adjoins a storage rich kitchen with gas top cooker. Soaking in all day rays, a broad balcony joins a fitted desk and ensuite in serving an impressive upper bedroom, while a tidy lower bathroom and laundry accompany a generous lower bedroom pair. Connected by vibrant gardens, a front driveway space complements a rear garage with workshop (accessed via Little Kent Street), while a considerable backyard provides relaxing room to unwind and entertain. Steps from lively Bridge Road and Victoria Street, city trains and trams, Citizens Park, and Gleadell Street Market, with acclaimed schools, Yarra trails, and Victoria Gardens close by.

Property History for 7 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,630,000
28 Feb 2024
  • 28 Feb 2024
    Sold for $1,630,000
  • 21 Feb 2024
    Listed for Sale $1,300,000 - $1,400,000
  • 16 May 2003
    Sold for $616,000
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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 22,566 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 57 properties listed for sale, and 40 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 982 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.