3308/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

3308/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 937m2
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Property Details for 3308/318 Russell St, Melbourne

3308/318 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces 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 November 2011.

Building Type
Unit
Year Built
2014
Floor Size
70m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
3308/PS720256

Last Listing description (June 2023)

This two bedroom, two bathroom modern apartment in the Abode318 is situated in the heart of Melbourne CBD. Perfectly located in the theatre distinct of Melbourne, this property is within walking distance to China Town, Melbourne Central, Parliament Train Station and many of Melbourne's finest shops, restaurants, cafes and bars.

This lifestyle apartment includes access to the practical and modern amenities that Abode318 apartments has to offer such as the Indoor Pool, Outdoor Terrace and BBQ area, Sky Lounge and Gymnasium.


Upon entry, you are greeted with a stunning open plan kitchen & lounge area which includes an in built dishwasher, fridge, stone bench tops, ample cupboard space and sliding floor to ceiling windows and doors leading to the outdoor area. Be wowed by the stunning views of the CBD as you relax on your own private balcony soaking up all Melbourne has to offer.

Each room within the apartment provides a differing awe inspiring view of Melbourne, the bedrooms complete with lush carpeted flooring, built in mirrored robes, and fresh white walls. Offering adjoining ensuites that include a single vanity, shower and toilet this property exudes convenience and style.

Further enjoy a European laundry with washing machine, heating and cooling, secure intercom entry and a car space.

Property History for 3308/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$713,000
15 Nov 2011
Listed for Rent
$650/w
20 Dec 2014
  • 19 May 2023
    Listed for Rent $850 / week
  • 23 May 2022
    Listed for Rent $650 / week
  • 27 Nov 2014
    Listed for Rent - Price not available
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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 64,267 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 279 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2695 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.