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

89 Somerset Street
Richmond VIC 3121

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 305m2
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Property Details for 89 Somerset St, Richmond

89 Somerset St, Richmond is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 305m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
House
Land Size
305m2
Local Government
Yarra
Lot/Plan
1/TP687585

Last Listing description (August 2024)

Expression of Interest closing Mon 29 July at 1pm

Augmented by rear frontage to Little Kent Street, this charismatic mid century gem affords a suite of options to move in and enjoy, personalise and extend, or execute a luxurious, multi dwelling development (STCA). Offering instant comfort and scope to lease while council plans progress, a well maintained, family focused interior enjoys brilliant coverage of natural light, with three generous bedrooms accompanied by a tidy central bathroom, broad living area, and combined kitchen/meals with plentiful bench and cabinet space. A covered outdoor setting provides a relaxing retreat for afternoons in the company of friends, while an easily kept, north facing yard stretches to feature a handy shed, parking for two, and ample kids' play space. Ripe with possibilities, further highlights include timber floors, heating/cooling, two front driveway spaces (four cars off street), a full size laundry, and zoning for Yarra Primary, Richmond High, and Melbourne Girls' College. Seconds from trams, eateries, Citizens Park, and Gleadell Street Market, while steps from scattered nightspots, Victoria Gardens (with IKEA), scenic Yarra trails, and the verve of Bridge Road.

Property History for 89 Somerset St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,620,000
24 Jul 2024
  • 24 Jul 2024
    Sold for $1,620,000
  • 02 Jul 2024
    Listed for Sale Expression of Interest $1,500,000 - $1,600,000
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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 22,786 properties. Over the last 5 years, Houses in Richmond have seen a -6.21% decrease in median value, while Units have seen a 0.51% increase. As at 30 June 2026:

  • The median value for Houses in Richmond is $1,428,567 while the median value for Units is $652,166.
  • Houses have a median rent of $895 while Units have a median rent of $600.
There are currently 61 properties listed for sale, and 57 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1087 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.