Richmond at a glance
31,418
People
$1,262,500
Median sale
$644/wk
Median rent
2.65%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
$1,210,000–$1,330,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
0
Car spaces
265 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,210,000–$1,330,000
Asking range · $4,566/m² of land
No recorded sale for this property.
Richmond at a glance
31,418
People
$1,262,500
Median sale
$644/wk
Median rent
2.65%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Richmond
-4.2%
Median sale
Suburb $1,262,500
+0.12 pp
Gross yield
Suburb 2.65%
Suburb median $1,262,500 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$73,186 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Richmond's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $644/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Richmond at a glance
31,418
People
$1,262,500
Median sale
$644/wk
Median rent
2.65%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant BerwickAn extremely rare opportunity that Barry Plant are proud to present.
When purchasing real estate, one factor consistently stands above all others: location. Opportunities to secure a substantial parcel of land in one of Melbourne's most tightly held and highly sought-after inner-city pockets are becoming increasingly rare. On this special occasion, 14 Bank Street, Richmond presents approximately 265sqm of absolute prime real estate in the heart of one of Victoria's most desirable suburbs.
What makes this opportunity even more remarkable is the property's prized corner position and the fact that it is held across two separate titles. Features such as these are incredibly difficult to find within Richmond and create exciting possibilities for owner occupiers, investors and developers alike (Subject to Council Approval).
Rich in history and overflowing with potential, this remarkable property dates back to the early 1900s and offers a chance to secure not only a valuable piece of land, but also a unique piece of Richmond's past. The property's fascinating history includes a brick dwelling that once operated as a local milk bar, while the original residence is believed to have served as a Victorian-era bar before being converted into a family home many decades ago.
Positioned on a highly coveted corner allotment, the existing residence offers three bedrooms, a central living area, kitchen and bathroom, along with a charming rear garden that leads through to a productive vegetable garden that has been lovingly maintained by its current owner. While the home presents an exciting opportunity for buyers looking to renovate, refresh or further enhance the existing residence, the true value lies within the exceptional landholding, dual titles and its endless future possibilities.
Whether you are dreaming of designing and building your forever home in one of Melbourne's premier lifestyle locations, undertaking a comprehensive renovation project, or exploring redevelopment opportunities (Subject to Council Approval), this is a property that offers flexibility, potential and an address that will continue to stand the test of time. The corner block position combined with two separate titles creates a truly unique opportunity that is becoming increasingly rare to find within Melbourne's inner suburbs.
The location is simply outstanding. Enjoy a lifestyle that places some of Melbourne's most iconic destinations at your doorstep. Walk to the Melbourne Cricket Ground, Richmond Station, Citizens Park, an abundance of cafes, restaurants and boutique shopping, while nearby tram services provide effortless access to Melbourne's CBD and beyond.
Properties of this nature are rarely offered to the market. Opportunities to secure a blue-chip Richmond address with this level of history, land content, corner block positioning, dual titles and future potential are becoming increasingly scarce. For buyers seeking location, opportunity and the chance to create something truly special, 14 Bank Street represents a once-in-a-generation offering that cannot be overlooked.
Secure your place in Richmond's history and create its future at 14 Bank Street.
Listing description written by Michael Panayi, Barry Plant Berwick — reproduced as published, not verified by Districts.
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