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.
VIC › Richmond › New Development
$715,000–$1,590,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
0
Car spaces
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
$715,000–$1,590,000
Asking range
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
-43.4%
Median sale
Suburb $1,262,500
+2.03 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.
$43,447 on top of the price (6.1% 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 4.7%. 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 Red & Grey Realty*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*
A new standard of urban living has arrived with a collection of 1, 2 and 3 bedroom apartments designed to reflect the evolving character of Richmond. Thoughtfully conceived through a collaboration of leading architects, designers, and landscape specialists, this project brings together architectural refinement, wellness, and vibrant community spaces in one highly connected address.
Richmond is a place of contrasts—railway lines and rooftop bars, towering gums and dense urban energy. It’s where subculture meets modern momentum, where creativity and technology coexist. Positioned beside a major train station and surrounded by a future activated laneway precinct, this development seamlessly integrates into the fabric of the neighborhood while elevating it.
This is more than a residence—it’s a tribute to Richmond itself. A celebration of its grit, creativity, and enduring spirit, balancing heritage with forward-thinking design. The result is a sophisticated urban sanctuary that offers an antidote to the pace of modern life, while staying deeply connected to the pulse of the city. Carefully curated social and wellness spaces encourage connection, relaxation, and a sense of belonging, all within an environment that honors the past while embracing the future.
Set within Melbourne’s vibrant inner-east, Richmond has transformed from its industrial origins into one of the city’s most dynamic cultural hubs. Its rich history is woven into every street, now complemented by a thriving food scene, arts culture, and proximity to iconic sporting venues. Natural escapes—from riverside trails to parklands—sit moments away, offering a rare balance between urban living and green space.
By day, sunlight reflects off train lines and modern facades; by night, the precinct comes alive with energy and atmosphere. A reimagined laneway network will further enhance this vibrancy, transforming historic streets into lively pedestrian corridors filled with retail, dining, and wellness experiences. Designed to encourage movement, safety, and connection, these laneways extend Melbourne’s renowned laneway culture into the heart of Richmond.
Architecturally, the design draws inspiration from the surrounding environment and the rhythm of the nearby rail lines. Flowing curves and sculptural forms create a dialogue between structure and setting, softening the building’s bold concrete presence with refined detailing and integrated landscaping. A single material palette establishes a strong, iconic identity, while textured finishes and dark metal accents introduce depth and sophistication.
The design embraces the idea of discovery—spaces unfold naturally, guiding residents from the street into welcoming communal areas. Terraces and greenery are carefully integrated throughout, offering moments of calm, natural light, and elevated outlooks. The result is a built form that feels both grounded and dynamic, reflecting Richmond’s unique balance of heritage and modernity.
Inside, residences are crafted with high-end finishes and carefully selected materials, including distinctive stone surfaces and premium detailing throughout. A suite of wellness amenities—featuring a cold plunge, magnesium spa, sauna, and steam—supports a lifestyle focused on health and balance. Residents can also enjoy a private dining space and a landscaped rooftop with expansive city views, designed for both entertaining and retreat.
Comprising 100 residences, including a selection of penthouses and sub-penthouses, this is a rare opportunity to experience a new kind of urban luxury—one that is connected, considered, and deeply rooted in place. At ground level, a retail-activated laneway precinct creates a vibrant extension of the neighborhood, inviting people to gather, explore, and linger.
This is Richmond, reimagined—where history, culture, and contemporary living come together in perfect harmony.
*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*
Disclaimer:
Please check limited Promotion on select apartments and enquire which is applicable to your preferred apartment
All images, floor plans, and price information are provided as a guide only and are subject to change without notice. Illustrations and visual representations may include upgraded finishes, furnishings, and features that are not part of the standard inclusion.. Prices are correct at the time of publication and are subject to availability and change. Interested parties must confirm availability, pricing, and specifications with Red & Grey Realty prior to making any purchase decision. Red & Grey Realty does not guarantee the accuracy of information provided by third parties and recommends that all buyers conduct their own due diligence. This information does not constitute legal, financial, or investment advice
Property Code: 302
Listing description written by Kim Robinson, Red & Grey Realty — reproduced as published, not verified by Districts.