Data last updated: 24 Sep 2025
Estimated market value: $1,320,000 (Range: $1,140,000 - $1,500,000)
Notes: Valuation is based on recent market activity and automated estimates. The property was last sold in 2009 for $766,000. Median house prices in Richmond over the last year range from $1,400,000 to $1,428,000.
07 Dec 2009 - $766,000
Type:
House
Bedrooms:
2
Bathrooms:
1
Land (sqm):
149
Car/Garage:
Potential off-street parking via rear lane (STCA)
Estimated weekly rent:
$750 - $850 per week
The property was most recently listed for rent in September 2023 for $650 per week. Median rental price for 2-bedroom houses in Richmond is $750 per week, while the overall median house rent is $850 per week.
Rental vacancy rate:
2.4% (for houses in Richmond)
Council rate:
Estimate: Varies, inquire with Yarra City Council (annual notice received in August)
Water rate:
Estimate: Varies, inquire with City West Water
Strata fee:
N/A (House)
Home and content insurance price:
Highly variable based on coverage and insurer. Requires specific quote.
LGA:
Yarra City Council
Zoning:
Residential (General residential zoning expected for Richmond, specific zone requires detailed planning search)
Bushfire:
Requires specific property report for full details
Flood:
Requires specific property report for full details
Heritage:
Requires specific property report for full details (likely in a heritage overlay area given Victorian architecture)
State Government:
Urban renewal project redeveloping high-rise housing estates at Highett Street, Richmond, and walk-ups at Anderson Court, Williams Court, and Elizabeth Street in Richmond, delivering thousands of modern social homes.
Richmond to Flinders Street/Docklands corridor developments focusing on cultural, sports, and entertainment precincts and transport infrastructure, including the Metro Tunnel opening in 2025.
Local Government:
Richmond Primary School is undergoing an expansion with a new multi-storey building to accommodate an extra 100 students.
Within walking distance to trains and trams (e.g., Swan Street, Bridge Road). - Train, Tram
Richmond is a highly sought-after inner-city suburb. While median house prices have seen some fluctuation, the area generally demonstrates strong demand.
Last 12 months | $1,400,000 - $1,428,000
2024 (August) | $1,400,000
House prices in Richmond have seen varying growth rates: Up 2.0%, 4.2% compound growth, and -3.93% over the last 12 months, depending on the data source.
The median house price for 2-bedroom houses in Richmond is around $1.17 million to $1.198 million.