501/23 Russell Street, Essendon, VIC 3040 | Property Value & History | OnTheHouse
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501/23 Russell Street
Essendon VIC 3040

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 479m2
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Last updated 19 Jan 2026
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Property Details for 501/23 Russell St, Essendon

501/23 Russell St, Essendon is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 479m2.

Building Type
Unit
Land Size
479m2
Local Government
Moonee Valley
Lot/Plan
501/PS816960

Last Listing description (November 2023)

Enviably positioned to enjoy every Essendon lifestyle advantage, this fifth-floor TEKNA apartment provides an idyllic inner-urban sanctuary with its intelligent design elements, first-class features and sweeping westerly outlook. Filled with natural light, the impressive interior comprises two generous bedrooms (master with walk-in robe) complemented by a private ensuite and stylish main bathroom - both with stone-top vanities and fully-tiled showers. Adding to the appeal is an adaptable open-plan living/meals area flanked by floor-to-ceiling windows adjoined by a sleek stone-bench kitchen complete with soft-close cabinetry, integrated dishwasher and Baumatic cooking appliances. Other highlights include a fully undercover terrace (from the living area) to enjoy the picture-perfect panorama, large storage cupboard (potential study alcove), Fujitsu split-system heating/cooling, double-glazed windows and European laundry with trough, as well as a secure entrance foyer with video intercom, lower-level parking space and storage locker. Essendon Station across the road and No 59 trams around the corner, it's also walking distance to local shops, cafes, bars and restaurants, as well as close proximity to the open spaces of Queens Park and easy access to Citylink.

Property History for 501/23 Russell St, Essendon, VIC 3040

A timeline of how this property has performed in the market
Listed for Rent
$610/w
20 Oct 2023
  • 12 Oct 2023
    Listed for Rent $610 / week
  • 07 Jul 2023
    Listed for Sale Private Sale $620,000
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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.

Essendon has 13,011 properties. Over the last 5 years, Houses in Essendon have seen a 21.97% increase in median value, while Units have seen a 1.05% increase. As at 31 December 2025:

  • The median value for Houses in Essendon is $1,978,876 while the median value for Units is $595,880.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Essendon on OnTheHouse. According to Cotality's data, 663 properties were sold in the past 12 months in Essendon.

Suburb Insights for Essendon 3040

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.