apartment
3
Bedrooms
2
Bathrooms
2
Car Spaces
502/1 Palmer Street, Richmond VIC 3121
Sold $1,900,000 on 12 Jan 2023
- Distance To CBD:
3.58 km - Agency: Biggin & Scott - Richmond
- Nearby Sold Price
Stamp Duty
$105,970
*based on property value $1,900,000 for investment
Mortgage registration fee $108
Transfer fee $1,362
Stamp duty on property $104,500
Monthly Repayment
$ 8,160
*based on loan amount $1,520,000 for principal and interest
Total interest payable $1,417,488
Loan Term 30 years
Annual Interest Rate 5.00%
Comparable Sold Properties
More| Address | Type | Sold Price | ||
|---|---|---|---|---|
| 705/8 Garfield Street Richmond 3121 | apartment | 3 | Mar 2023 | $910,000 |
| 8/46-50 Regent Street Richmond 3121 | apartment | 3 | Dec 2022 | $1,032,500 |
| 602/1 Palmer Street Richmond 3121 | apartment | 3 | Nov 2022 | $1,875,000 |
| 404/28 Tanner Street Richmond 3121 | apartment | 3 | Oct 2022 | $1,299,000 |
| 112/205 Burnley Street Richmond 3121 | apartment | 3 | Sep 2022 | $755,000 |
| 1/215 Lennox Street Richmond 3121 | apartment | 3 | Sep 2022 | $955,000 |
| 35/69 River Street Richmond 3121 | apartment | 3 | Aug 2022 | $918,500 |
Comparable Rent Properties
| Address | Type | Rent Price | ||
|---|---|---|---|---|
| 611/132 Burnley St Richmond 3121 | apartment | 3 | Feb 2023 | $750 p/w |
| 8/10 Elaine Ct Richmond 3121 | apartment | 3 | Feb 2023 | $925 p/w |
| 70 Burnley Street Richmond 3121 | apartment | 3 | Feb 2023 | $880 p/w |
| 8/3-5 Christine Cres Richmond 3121 | apartment | 3 | Jan 2023 | $900 p/w |
| 6/22 Abinger Street Richmond 3121 | apartment | 3 | Jan 2023 | $1,100 p/w |
| 316/246 Church St Richmond 3121 | apartment | 3 | Dec 2022 | $1,485 p/w |
| 811/11 David St Richmond 3121 | apartment | 3 | Dec 2022 | $1,200 p/w |
| 4/1a Glasshouse St Richmond 3121 | apartment | 3 | Dec 2022 | $1,000 p/w |
Auction History - Richmond, VIC 3121
More-
Address Price Result* 50 Bennett St N/APN 2 165 Brighton St $1,500,000S 3 704/633 Church St N/AVB 3 309/84 Cutter St N/AW 3 250-252 Lennox St N/AVB 3 3/12 Madden Gr $525,000SP 2 41 North St N/ASN 3 11/15 River Bvd N/ASP 1 7/4 Tullo Pl N/APN 2 105/115 Church St $529,000Private 2 118/33 Judd St $635,000Private 2 98 Lennox St $925,000Private 2 4/118 Brighton St $1,265,000SP 3 2/25 Coppin St $1,000,000VB 3 42 Farmer St $1,350,000VB 3 223 Highett St N/API 3 384 Highett St N/APN 2 21 Lambert St N/AW 3 98 Lennox St $900,000VB 2 8/52A Lyndhurst St $1,220,000S 3 4 Portland St N/AS 3 41 Richmond Tce N/APN 3 2/21 River St N/ASP 3 4 Rowena Pde $1,895,000SP 5 10 Somerset St N/APN 3 407/28 Tanner St N/AS 2 4/10 Wadumbuk La N/ASP 1 64 York St N/AVB 3 305/28 Burnley St $390,000Private 1 16/12 Howard St $475,000Private 1 12/1-3 McGrath Ct $315,000Private 1 16 Sheedy St $1,152,000Private 2 14/38 Burnley St N/AW 1 305/28 Burnley St $390,000Private 1 302/3 Kennedy Av $861,000Private 2 26a Peers St $1,140,000Private 3 10A Regent St $976,000Private 3 4 Rowena Pde $1,895,000Private 5 3/22-24 Bosisto St N/AS 2 705/8 Garfield St $910,000S 3 206/9 Griffiths St $700,000PI 2 12/285 Church St $803,000Private 2 -
Address Price Result* 289 Burnley St N/AVB 4 604/18 Coppin St $605,000S 2 28 Edinburgh St $915,000S 2 51 Hunter St N/AW 3 2/196 Lennox St N/AS 2 302 Lennox St $1,420,000S 2 56 Lord St N/ASP 3 6A Manton St $2,150,000S 3 140 Somerset St $1,720,000SP 3 413/20 Burnley St $420,000Private 1 40 Butler St $1,275,000Private 4 12/285 Church St $803,000Private 2 11/7 Docker St $540,000Private 2 402/1 Dyer St $685,000Private 2 802/2 McGoun St $665,000Private 2 38A Buckingham St N/AW 2 5 Davison St N/API 3 3/25-27 Garfield St N/API 2 6/25 River St N/ASP 2 135 Somerset St N/AS 4 80 Stawell St $1,200,000VB 2 99 Westbank Tce $1,905,000S 4 413/20 Burnley St $420,000Private 1 215/8 Garfield St $350,000Private 1 20/73 River St $1,060,000Private 2 3/83-85 Hoddle St N/AW 1 1/202 Lennox St $610,000S 2 308/6 Lord St N/API 2 2 Tudor St N/APN 3 509/20 Burnley St $425,000Private 1 212/59 Coppin St $560,000Private 2 493 Swan St $960,000Private 3 6/86 Burnley St $931,000S 3 1/20 Bellevue St $520,000Private 1 5/47 Cameron St $350,000Private 1 212/59 Coppin St $560,000Private 2 107/120 Palmer St $315,000Private 1 4/61 Stawell St $655,000Private 2
Top Sales - Unit- Last 12 months updated 28 Mar 2023
| Rank | Address | Sold Price | Type | |||
|---|---|---|---|---|---|---|
| 1 | 602/172 Lennox Street Richmond 3121 | $3,560,000 | apartment | 3 | 3 | May 2022 |
| 2 | 816/1 Dyer Street Richmond 3121 | $2,455,000 | apartment | 4 | 3 | Mar 2023 |
| 3 | 923/1 Dyer Street Richmond 3121 | $2,055,000 | apartment | 3 | 2 | Mar 2022 |
| 4 | 82 Yarra Boulevard Richmond 3121 | $2,050,000 | townhouse | 4 | 2 | Sep 2022 |
| 5 | 3 Birch Square Richmond 3121 | $1,952,500 | townhouse | 3 | 2 | Jul 2022 |
| 6 | 87-89 Gardner Street Richmond 3121 | $1,943,000 | unitblock | 10 | 3 | Jun 2022 |
| 7 | 4 Wellington Street Richmond 3121 | $1,925,000 | townhouse | 3 | 3 | Aug 2022 |
| 8 | 279 Lennox Street Richmond 3121 | $1,910,000 | townhouse | 3 | 2 | May 2022 |
| 9 | 502/1 Palmer Street Richmond 3121 | $1,900,000 | apartment | 3 | 2 | Jan 2023 |
| 10 | 602/1 Palmer Street Richmond 3121 | $1,875,000 | apartment | 3 | 2 | Nov 2022 |
Richmond, VIC 3121 (3.22 km to CBD)
Median House Price
$1,452,500
Median Unit Price
$627,500
Surrounding Suburbs
Nearby Train Stations
- 1.21 km East Richmond Station
- 1.26 km Burnley Station
- 1.09 km West Richmond Station
Nearby Schools
- 0.29 km
Lynall Hall Community School - 0.29 km Lynall Hall Community School Richmond Campus
- 0.47 km Collingwood College
- 0.41 km
Yarra Primary School - 0.78 km Richmond West Primary School
- 0.94 km Abbotsford Primary School
- 1.25 km Sophia Mundi Steiner School
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