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102/49 Davison Street

Richmond, VIC 3121, Australia

$1.03m

3 bed 2 bath 2 car

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Area Price Guide

$968,200 – $1.09m

Indicative price guide range

🏘️

Comparable

📊

$495,000

Area median

⚖️

+108%

vs median

🗓️

1 week ago

Listed

Property Insights

Multi-dimensional analysis · last updated 10/06/2026

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Lifestyle & access

Schools

7 nearby schools

Catchment: Richmond Primary School

Public transport

10 stops within 1.5km

Nearest: Unnamed stop (0.5km)

Traffic

Moderate congestion

Morning and evening peak hours (7-9am and 4-6pm) see increased traffic congestion on Hoddle Street and Swan Street. Victoria Street experiences moderate delays during commute times. Local streets like Davison Street remain relatively accessible but can experience increased rat-running during peaks.

Noise

Moderate noise

Nearest: road (0.3km)

Risk & safety

Flood risk

High

Richmond is situated within the Yarra River floodplain and is classified as a high-risk flood area under Victoria's planning framework. The suburb experiences regular flood inundation during major rainfall events, particularly along the Yarra River and its tributary networks. Properties are subject to the LSIO and strict planning controls designed to manage exposure to the 1% AEP flood event and above.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Yarra Planning Scheme

Nearby development

6 projects nearby

Richmond is experiencing strong transit-oriented and infill development activity, driven by its proximity to Richmond Station and position within Melbourne's inner-east urban renewal corridor. The suburb has substantial pipeline activity focused on mixed-use residential-retail on key streets (Swan Street, Victoria Street, Church Street) and public realm improvements around the Yarra River. Development pressure remains elevated due to zoning changes, heritage conservation opportunities, and strong owner-occupier and investor demand for inner-city apartments.

Heritage

Heritage listed

Richmond is a historic inner-city suburb with extensive Victorian-era residential and commercial architecture. The suburb is largely covered by heritage overlays and conservation area controls, with numerous state and local heritage listings reflecting its significance as a 19th-century working-class precinct. Most properties are subject to heritage restrictions on external alterations and demolition.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

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About this property

OPEN INSPECTION - Meet at the Sales Office - 70 Burnley ST RICHMOND Discover refined inner-city living in this beautifully designed 3-bedroom residence at Lily Garden, a boutique development of only 12 residences set across three levels in one of Richmond's most connected lifestyle pockets. Boasting an impressive 141sqm* of total space, including a generous 112sqm* internal layout and a 29sqm* outdoor entertaining area, this residence delivers house-like proportions with the ease of low-maintenance apartment living. Designed for modern comfort and effortless entertaining, the expansive open-plan living and dining zone flows seamlessly onto a spacious outdoor terrace perfect for hosting guests or relaxing in privacy. Lily Garden combines contemporary architecture with thoughtful design, offering residents exclusive access to a scenic rooftop garden and a peaceful boutique atmosphere rarely found so close to the CBD. Additional features include: - Boutique 3-level building with only 12 residences - Expansive 141sqm* total floorplan - Large outdoor entertaining terrace - Generous open-plan living and dining areas - Premium finishes and bespoke detailing throughout - Scenic communal rooftop garden - Secure and low-maintenance lifestyle opportunity Positioned moments from Victoria Gardens Shopping Centre, Bridge Road and Swan Street dining precincts, parklands, transport, and the Yarra River trails, this is Richmond living at its finest. Inspect now and experience the lifestyle at Lily Garden. If you would like to inspect this property, please contact Ben Wong on 0424 254 702.