3505/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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3505/318 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 111m2
Land area: 937m2
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Last updated 25 May 2026
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Property Details for 3505/318 Russell St, Melbourne

3505/318 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 937m2 and floor size of 111m2.

Building Type
Unit
Year Built
2014
Floor Size
111m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
3505/PS720256

Last Listing description (July 2024)

Welcome to this sensational one-bedroom, one-bathroom apartment that effortlessly combines modern charm with an unbeatable Melbourne location. Situated just moments away from iconic local attractions such as the State Library of Victoria, QV Melbourne, RMIT, Melbourne Universities, and Queen Victoria Market, this apartment is ideal for the modern professional seeking a vibrant lifestyle.

Nestled within the highly sought-after 'Abode' residential complex, this retreat boasts a contemporary ambiance, filled with an abundance of natural light. The spacious living and meals area showcases sleek modern flooring, while the bedroom also basks in the radiant glow, offering a peaceful sanctuary. Within this space, you'll find a high-end kitchen featuring a stone benchtop, glassed splashback, soft-close drawers, and stainless steel appliances.

The main bedroom includes a convenient built-in robe, and a chic bathroom adds a touch of sophistication to the apartment. Additional highlights include a European laundry, cooling and heating systems, and video intercom entry for added security and convenience.

Positioned close to Swanston Street trams and Melbourne Central Station, this location ensures easy access to transportation options. Surrounded by an array of shops and cafes, you'll have everything you need right at your doorstep.

Indulge in the luxurious facilities offered within the complex, which include a fully equipped gymnasium for your fitness needs. Take a refreshing swim in the indoor heated swimming pool or find a quiet spot in the study, private lounge, or dining rooms. The BBQ terrace provides the perfect setting for outdoor gatherings, while the lounge and games room offers a space for relaxation and entertainment.

To book an inspection, click the “Book an Inspection” button, to register your details and choose a time that suits you. You will automatically be kept up to date on any changes to the appointment, and one of our leasing consultants will meet you at the property at your chosen time.

To submit an application for this property, simply click the “Apply” button

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Property History for 3505/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$570/w
21 Jul 2023
  • 04 Jul 2024
    Listed for Rent $580 / week
  • 20 Jun 2023
    Listed for Rent $570 / week
  • 03 Dec 2021
    Listed for Rent $350 / 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 64,342 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 311 properties listed for sale, and 184 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2670 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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