1001/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1001/340 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 4534m2
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Property Details for 1001/340 Russell St, Melbourne

1001/340 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1943. The property has a land size of 4534m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in March 2024.

Building Type
Unit
Year Built
1943
Floor Size
61m2
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
1001D/PS501388

Last Listing description (March 2025)

A striking showpiece of Art Deco elegance, this idyllic 2 bedroom apartment offers sunlit style, sophistication and stunning city views in a commanding corner position. Securely situated in the prized University High School catchment area, venture downstairs to the refined Paris end of the CBD and stroll to free city trams, Chinatown, the State Library, Carlton Gardens greenery, QV shopping, major universities and a collection of the finest cafes, theatres and restaurants. This lifestyle location speaks for itself!

Discover open-plan living and dining complemented by a streamlined kitchen showcasing stainless-steel surfaces, a tiled splashback and the full suite of premium Smeg appliances including an integrated microwave and dishwasher. Generously sized, robed and privately separated by the living space, the heated bedrooms are filled with light and boast picturesque skyline views. The deluxe bathroom is graced with a fully tiled shower area, while an exquisite Juliet balcony off the living area adds singular charm.

Comprehensive features include secure parking, a large Euro-style laundry, panel heating throughout, double roller blinds, Roman blinds, video intercom entry and an iconic Russell Street entrance. Set to impress on the sub-penthouse level ten floors high in the Deco North building of the prestigious Concept Blue complex, this cream-brick heritage charmer was once the headquarters of Victoria Police. Embrace resort-inspired access to an indoor pool, fully fitted gym, sauna, steam room, BBQ terrace and a shared courtyard garden.

Outgoings:
Council Rates: $311.15 per quarter approx.
Water Rates: $170.00 per quarter approx.
Owners Corporation Fees: $2,597.00 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 1001/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$545,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $545,000
  • 09 Feb 2024
    Listed for Sale $545,000
  • 18 Jun 2003
    Sold for $455,000
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 300 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 properties were sold in the past 12 months in Melbourne.

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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.