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.
$1,568,900
Last sold
30 May 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
180 m²
Building
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
Last sold
$1,568,900
30 May 2026 · derived via latest_sale
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
+24.3%
Median sale
Suburb $1,262,500
-0.52 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.
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 Ray White CREA residence of history, design integrity, and inner-urban sophistication.
Set within one of Richmond's most character-rich pockets, 29 York Street is a residence that seamlessly weaves industrial heritage with contemporary luxury. This is not simply a home - it is a story told through architecture, craftsmanship, and thoughtful design.
A site steeped in Melbourne history.
Long before its transformation into an exclusive residential address, the site played a vibrant role in Melbourne's industrial evolution. Originally home to a lemonade and soft drink manufacturing and bottling facility for Marchants, the property reflects a bygone era of local production and enterprise. Marchants remained a beloved Australian brand until its acquisition by Coca-Cola Amatil in the 1960s, with operations gradually phased out by the 1980s.
In its later life, the building served as a plumbing warehouse before undergoing a considered redevelopment commencing in 1998, giving rise to the boutique body corporate enclave seen today - where industrial bones meet refined urban living.
Elevated design and bespoke interiors. Spanning three bedrooms, two bathrooms, and secure parking for two vehicles, the home is defined by its layered textures and curated finishes.
At its heart, the kitchen and dining domain is a masterclass in craftsmanship. Custom cabinetry, designed and installed between 2014-2015, features premium Blum soft-close drawers and integrated servo-drive overhead doors, delivering both precision and ease. A cleverly engineered five-tier pantry reveals itself effortlessly, combining innovation with everyday functionality.
The selection of Dolomite marble - distinguished by its foundation white base with subtle red and pale orange veining - brings both visual warmth and durability. Renowned for its superior hardness and resistance to heat and acids, it elevates the space beyond aesthetics into lasting performance.
A carefully considered artistic detail - a facsimile of There Is Always Hope - anchors the kitchen space, a nod to Melbourne's celebrated street art culture and the creative energy of its inner-city surrounds.
Living spaces that connect indoors and out.
The lounge extends seamlessly to a front balcony, where Northern Rivers Timbers modular decking - crafted from 100% sustainably sourced Australian hardwood - adds a tactile, natural element underfoot. Thoughtful additions, including waterproofed tiling and a discreetly integrated safety ladder, speak to both practicality and design intent.
To the rear, a second balcony offers a tranquil counterpoint, framed by lush foliage and delivering a sense of retreat rarely found in such a central locale.
This is your chance to secure a rare Richmond offering.
Balancing heritage significance with modern refinement, 29 York Street presents a unique opportunity to secure a home that honours its past while embracing contemporary living. With dual outdoor spaces, secure parking, and bespoke interiors throughout, it stands as a compelling example of inner-urban transformation done right.
Listing description written by Leigh Grixti, Ray White CRE — reproduced as published, not verified by Districts.