71 Somerset StreetRichmond VIC 3121
Property Details for 71 Somerset St, Richmond
71 Somerset St, Richmond is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 173m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (March 2026)
Showcasing classic Victorian street appeal and inviting interiors, this charming freestanding single-front residence occupies a north-facing 182sqm (approx.) block with valuable rear laneway access. Comfortable as is yet full of potential, with no heritage overlay, it offers an exciting opportunity to renovate, extend, or redevelop (STCA) on a wide, tree-lined street in one of Richmonds most sought-after pockets.
- Sundrenched, 182sqm (approx.) north-facing allotment, presenting an exceptional opportunity to secure a well-positioned home with space, flexibility and exciting future potential.
- Welcoming entrance hallway with high ceilings and elegant archways, creating a striking first impression and a wonderful sense of openness through the home.
- Spacious central living room centred around a classic fireplace, offering a comfortable and inviting space to relax or unwind.
- Versatile dining room or potential third bedroom, providing flexibility for entertaining, working from home or additional accommodation.
- Bright kitchen with island bench, ample cabinetry and generous preparation space, flowing seamlessly to the outdoor entertaining area.
- Central skylit bathroom featuring excellent natural light, dual vanity storage and integrated laundry facilities.
- Multiple split-system heating and cooling units ensuring year-round comfort throughout the home.
- Expansive brick-paved courtyard garden, creating a private outdoor setting complete with avocado tree and passionfruit vine.
- Large rear garage/workshop with laneway access, providing valuable off-street parking, storage or future flexibility.
- Rear laneway access via Little Kent Street and with NO heritage overlay offering scope to renovate, extend or redevelop (STCA).
- Estimated rental return of $900 $950 per week approx. (Up to $49,400pa)
Location positioned in a peaceful wide, tree-lined street just moments from Citizens Park and Yarra Primary School, this address also offers easy access to Victoria Gardens Shopping Centre for everyday convenience. Enjoy the vibrant cafs, restaurants and boutique shopping along Bridge Road, Church Street and Victoria Street, while trams and North Richmond Station provide effortless access to the CBD. With Gleadell Street Market, parklands and the Yarra River trails all nearby, this location delivers an exceptional inner-city lifestyle.
This sale is in conjunction with
Andrew Date
Industry Insider Property
industryinsider.com.au
Level 3, 489 Toorak Road, Toorak 3142.
+613 8374 7652
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 71 Somerset St, Richmond, VIC 3121
- 19 Mar 2026Listed for Sale $1.25m-$1.3m
- 20 Nov 2024Listed for Rent $750 / week
- 10 Mar 2022Sold for $1,280,000
Recent sales nearby
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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 22,709 properties. Over the last 5 years, Houses in Richmond have seen a 11.01% increase in median value, while Units have seen a 5.71% increase. As at 28 February 2026:
- The median value for Houses in Richmond is $1,496,797 while the median value for Units is $643,047.
- Houses have a median rent of $760 while Units have a median rent of $600.
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