About this property
Also written as Unit 4, 389 Punt Road.
Cremorne VIC 3121, Australia
Also written as Unit 4, 389 Punt Road.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
The property at 4/389 Punt Road is a unit that occupies a land parcel of 1,047 m². It is positioned within the inner‑city suburb of Cremorne in Melbourne, Victoria
Cremorne lies approximately 3 km (1.9 mi) south‑east of Melbourne’s central business district. The suburb is part of the City of Yarra local government area
Punt Road, which runs directly past the property, is a major north–south arterial road operating 24 hours a day. Regular tram services run along nearby Swan and Church Streets, with stops such as Richmond Station/Swan St (about 0.2 km) and Olympic Boulevard (about 0.3 km) within easy walking distance. Train stations Richmond (≈0.3 km) and East Richmond also serve the area, providing access to multiple lines
Within roughly half a kilometre you’ll find the iconic Nylex Clock, Morell Bridge, and The Corner Hotel, a popular music venue. Other close points of interest include the historic Post Office Hotel, Punt Road Oval and the Melbourne Rectangular Stadium, all situated about 0.4‑0.5 km away
Cremorne features a vibrant mix of Victorian cottages, modern townhouses, offices and remaining light‑industrial sites, creating a diverse urban fabric. In recent years the area has attracted technology firms, earning the nickname ‘Australian Silicon Valley.’
The suburb takes its name from the 19th‑century Cremorne Gardens, an amusement park that once occupied the riverfront. Over time the area evolved from farming estates to industrial factories, and today blends residential, commercial and creative uses
According to the 2021 census, Cremorne had a population of 2,158 residents. The community is primarily Australian‑born, with the majority speaking only English at home
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