1708/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1708/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 70m2
Land area: 937m2
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Property Details for 1708/318 Russell St, Melbourne

1708/318 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2014. The property has a land size of 937m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in December 2024.

Building Type
Unit
Year Built
2014
Floor Size
70m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
1708/PS720256

Last Listing description (January 2025)

Located within the highly sought-after Abode residential complex, this residence epitomizes elegance, sophistication, and contemporary style, delivering an exceptional city lifestyle. Positioned on level 17, the cleverly designed two-bedroom apartment maximizes every inch of space.

The expansive open-plan living area is bathed in natural light from full-height windows and a sliding door, creating a bright and inviting atmosphere. The modern kitchen is both stylish and functional, boasting a large Caesarstone island benchtop, high-end Miele appliances, a glass splashback, sleek cabinetry, and ample storage space. The spacious balcony offers great city views and is perfect for relaxation or dining with gourmet food.

Both bedrooms come with built-in robes and floor-to-ceiling windows, while the master bedroom features a deluxe ensuite. The central bathroom, accessible from both the living area and second bedroom. Both ensuite and central bathroom include a spacious shower, a vanity with a large mirror, and elegant finishes.

Additional features of this residence include ducted heating & cooling, double glaze windows, LED downlights, a Euro-laundry, and secure intercom entry. Abode residents enjoy outstanding facilities, including concierge and building security, a fully equipped gymnasium, an indoor heated swimming pool, a sauna, a steam room, a BBQ terrace, a meeting room, a private dining room, and a lounge area.

Ideally situated moments from Melbournes premier shopping, dining and entertainment options, this residence is within walking distance of RMIT and iconic Melbourne attractions such as Melbourne Central, QV food and retail complex, Woolworths, the State Library of Victoria, Carlton Gardens, and Queen Victoria Market.

This luxurious residence presents a rare opportunity for both owner-occupiers and investors to secure one of Melbourne's most coveted addresses. For a private inspection, contact David at 0423 390 888 and discover the pinnacle of Melbournes finest living.

Property History for 1708/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$585,000
09 Dec 2024
Listed for Rent
$700/w
27 Nov 2023
  • 15 Jan 2025
    Listed for Sale $590,000 - $620,000
  • 09 Dec 2024
    Sold for $585,000
  • 13 Sep 2023
    Listed for Rent $700 / week
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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 64,227 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, 2655 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.