5/15 Somerset Street

Off Market

5/15 Somerset Street

Richmond VIC 3121

Apartment

Last sold for $575,000

Lee Muddle, last sold this property on 09 October 2025 after 28 days on market.

Overview

Spacious, stylish & sunlit city-edge oasis

A compelling blend of current-day comfort and long-term investment confidence, this elevated 2 bedroom apartment infused with natural light and featuring city views savours a superb top-floor position within a boutique block of only seven. With secure parking, low outgoings and a location that captures the essence of effortless Richmond living, a sense of space is immediately apparent in this brilliantly-presented home adding to the enormous appeal for both eager owner-occupiers and astute investors. The entire top-floor front section of the block is dedicated to this wonderful home ensuring light filters in from three sides filling every corner as the layout extends from an entrance hallway to a free-flowing living and dining room with large windows and access onto a treetops balcony. An adjoining kitchen has been smartly updated balancing functionality with a touch of style, and featuring all-electric stainless-steel appliances and ample bench space and storage. Back towards the entry are 2 sizable double bedrooms with each including built-in wardrobes, while a centrally-situated bathroom enjoys a full-sized bathtub as well as internal laundry facilities. Adding to the comfort and convenience is split-system air-conditioning, electric panel heating, intercom security plus a dedicated car parking space easily accessed via Little Kent Street. Equally attractive as a home or an investment, the property is currently leased on a monthly tenancy, while annual Owners Corporation fees in this small block are minimal. Located just 200m from the unique Saturday Gleadell Street market, numerous cafés, along with expansive Citizens Park, the amazing location of this immaculately presented apartment is central to everything including Bridge Road restaurants, Victoria Gardens shopping, trams, train station and the Main Yarra Trail.

Features

2 bedrooms

1 bathroom

1 carspace

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Richmond over the last 12 months, the estimated median property value of 5/15 Somerset Street is $645k.

Median value

$645k

Estimated value range

$400k - $1.3m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Richmond. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/15 Somerset Street

2025

Sold

$575,000

Auction Sale on 09 Oct 2025 by Lee Muddle, of Jellis Craig Fitzroy

2021

Rented

Undisclosed

Leased on 12 Apr 2021 by Jellis Craig Inner North Property Management

2021

Rented

Undisclosed

Leased on 11 Apr 2021 by Jellis Craig Brunswick

Happy sellers in Richmond

91%

91% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in Richmond over the last 12 months.

Local market activity for 2 bedroom apartments in Richmond

In the last 12 months, 197 two-bedroom apartments similar to 5/15 Somerset Street, have been sold.

This represents a 4% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Richmond for a free market appraisal.

Ken Griffith

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