401/340 Russell StreetMelbourne VIC 3000
Property Details for 401/340 Russell St, Melbourne
401/340 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1943. The property has a land size of 4534m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in April 2018.
Last Listing description (May 2018)
Offering a prized position in the heart of Melbourne's most liveable city, this dual level two bedroom apartment has a New York loft style floorplan as well as spectacular CBD skyline views from the generous rooftop terrace, that are in no danger of ever being built out. In the heritage-listed and significant Deco Tower, you're seconds to QV Shopping, RMIT and Melbourne Universities, Carlton Gardens, Melbourne Central shopping, trains, and free trams all over the city.
Accommodation: This amazing building has a rich history dating back to the 1940s when it was once the Russell Street Police Headquarters. This building is now home to some amazing apartments including this 4th level remarkable treasure, which enjoys expansive central lounge and dining, modern kitchen with stainless steel Smeg appliances including a dishwasher, downstairs bedroom with a BIR right next to the stylish bathroom, open upstairs study/living zone, 2nd upstairs bedrooms with BIR, and two balcony terrace areas to either side of the apartment, with the west-facing outdoor space offering breathtaking CBD views. This is truly a special opportunity you don't want to miss.
Features: Secure car space, video intercom, European laundry, reverse cycle heating and cooling, on-site building manager, access to world class resort style facilities including full gymnasium, indoor pool, sauna, steam room, & garden BBQ area.
INDICATIVE SELLING PRICE: $930,000 - $1,000,000
COMPARABLE SALE 1: 3401/318 Russell Street, Melbourne. SOLD $900,000- 15/12/2017- 2 Bed, 2 Bath, 1 Car.
COMPARABLE SALE 2: 67/1-27 Wellington Crescent, East Melbourne. SOLD $917,000- 23/11/2017- 2 Bed, 1 Bath, 1 Car.
COMPARABLE SALE 3: 6304/7 Riverside Quay, Southbank. SOLD $975,000- 01/12/2017- 2 bed, 1 Bath, 1 Car.
Property History for 401/340 Russell St, Melbourne, VIC 3000
- 23 Apr 2018Sold for $980,000
- 29 Mar 2018Listed for Sale $930,000 - $1,000,000
- 05 Dec 2017Sold for $1,000,000
Recent sales nearby
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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 64,242 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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