2401/318 Russell Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$730,000

2401/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 80m2
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2 Bed, 2 Bath with Spectacular City Views

Set high above the heart of Melbourne CBD, this impressive two-bedroom, two-bathroom apartment combines spectacular city views, a practical floorplan and the convenience of a highly sought-after central location.
The apartment features a bright open-plan living and dining area framed by floor-to-ceiling windows, capturing an outstanding outlook across Melbourne's iconic skyline. The contemporary kitchen offers excellent functionality and integrates seamlessly with the living space.
Both bedrooms are generously proportioned and, importantly, each bedroom is equipped with its own air conditioning, providing excellent year-round comfort. With two bathrooms, including an ensuite to the main bedroom, the layout is equally well suited to owner-occupiers, professionals and tenants.
Residents also enjoy access to the building's excellent range of resident facilities, adding further lifestyle appeal and convenience to this superb CBD address.
For investors, the property offers the added advantage of an existing tenancy, currently returning $860 per week, with the lease secured until the end of Jan next year - providing immediate rental income from settlement.
Located on Russell Street in the heart of Melbourne, the apartment is surrounded by some of the city's best dining, shopping, entertainment and public transport options, with universities and everything the CBD has to offer within easy reach.
Key Features: 2 bedrooms, 2 bathrooms including ensuite, air conditioning to both bedrooms, spectacular high-rise city views, floor-to-ceiling windows, open-plan living and dining, excellent resident facilities, prime Melbourne CBD location, currently leased at $860 per week, with the existing lease running until the end of Jan next year.
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Property Details for 2401/318 Russell St, Melbourne

2401/318 Russell St, Melbourne is a 2 bedroom, 2 bathroom Apartment. The property has a floor size of 80m2. The place is currently for sale with Melcorp Property.

Building Type
Apartment
Floor Size
80m2
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,779 properties. Over the last 5 years, Houses in Melbourne have seen a -28.12% decrease in median value, while Units have seen a 0.93% increase. As at 31 August 2026:

  • The median value for Houses in Melbourne is $1,383,053 while the median value for Units is $444,901.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 288 properties listed for sale, and 278 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2431 properties were sold in the past 12 months in Melbourne.

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