2401/318 Russell StreetMelbourne VIC 3000
Property Details for 2401/318 Russell St, Melbourne
2401/318 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 74m2. While the property is not currently for sale or for rent, it was last sold in October 2026. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (October 2026)
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.
Property History for 2401/318 Russell St, Melbourne, VIC 3000
- 21 Oct 2026Sold for $700,000
- 09 Sep 2026Listed for Sale $730,000
- 05 Jan 2026Listed for Rent $860 / 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 64,812 properties. Over the last 5 years, Houses in Melbourne have seen a -22.07% decrease in median value, while Units have seen a 0.12% increase. As at 30 September 2026:
- The median value for Houses in Melbourne is $1,472,763 while the median value for Units is $443,241.
- Houses have a median rent of $760 while Units have a median rent of $680.
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