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On 5,093 properties that later sold, blending providers in narrowed typical error from 6.68% to 5.66%, and lifted the share landing within 10% of the sale price from 66.9% to 73.3%.
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Property overview
This 2-bedroom house at 15 Ellis Street in Richmond, VIC 3121 is currently on the market, with 1 bathroom and parking for 1. It offers a 78 m2 block and 58 m2 of internal living space. The house was built in 1970. Richmond sits about 3.5 km from the CBD, where the median house price is $1.4M. Council data shows no flood or bushfire overlay on the site. 139 schools sit within about 5km, and the area scores 91 for walkability and 100 for transit out of 100.
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Richmond at a glance
House market signals | VIC 3121
Median
$1.4M
Market signals
To CBD
4 km
Est. Valuation
$992,572
Potential Sell Price
Est. Rent/wk
$792
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Planning Overlays
No Overlays Detected
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Listing Details
- Listed
- Last Updated
- Postcode
- 3121
- Original listing
- Original listing is on paid plans
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How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
Where Australian property prices are rising and falling in 2026
Capital growth across 12,000+ tracked suburbs: WA +12%, VIC +3.9%, plus the picture in every other state.
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