1203/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1203/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 937m2
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Property Details for 1203/318 Russell St, Melbourne

1203/318 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 937m2. While the property is not currently for sale or for rent, it was last sold in June 2025.

Building Type
Unit
Year Built
2014
Land Size
937m2
Local Government
Melbourne
Lot/Plan
1203/PS720256

Last Listing description (November 2025)

Experience the elegance and refined style that defines the highly sought-after Abode complex with this premium approx. 71sqm, two-bedroom apartment-your key to elevated city living.

Perched on the 12th floor, this generously proportioned residence showcases a smart, low-maintenance floor plan that perfectly balances style and function. The expansive open-plan living and dining area flows effortlessly to a private balcony-ideal for relaxed outdoor dining with a city backdrop. The sleek stone kitchen is fitted with Miele stainless steel appliances and a convenient breakfast bar.

Both bedrooms feature built-in robes and are thoughtfully separated by a chic central bathroom. One of the bedrooms also enjoys natural light and a partial city outlook. Additional highlights include a European laundry, ducted heating and cooling, double-glazed windows, LED downlights, Foxtel & NBN readiness, and a secure intercom system.

Residents enjoy access to an impressive suite of resort-style amenities, including:
24-hour concierge
Fully equipped gym
Indoor heated pool
Sauna & steam room
Indoor BBQ
Meeting and private dining rooms
Resident lounge

Ideally located moments from QV Melbourne, Melbourne Central Station, RMIT University, State Library of Victoria, Lygon Street eateries, the theatre district, free trams, and Parliament Station-this apartment places you at the centre of it all.

Property History for 1203/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$510,000
13 Jun 2025
Listed for Rent
$630/w
21 Jan 2016
  • 13 Jun 2025
    Sold for $510,000
  • 07 May 2025
    Listed for Sale $535,000
  • 14 Dec 2015
    Listed for Rent $630 / week
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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 64,749 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:

  • The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 290 properties listed for sale, and 244 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2577 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.