403/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

403/340 Russell Street
Melbourne VIC 3000

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 403/340 Russell St, Melbourne

403/340 Russell St, Melbourne is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
2004
Local Government
Melbourne
Lot/Plan
403D/PS501388

Last Listing description (June 2020)

An iconic Art Deco retreat with breathtaking views at the CBD’s heart

Private auction to be held at the offices of RT Edgar 107 Grattan Street, Carlton. Please contact us to register your attendance.Capturing spectacular views over historic Victorian landmarks to a skyscraper horizon, this New York loft-style apartment in Melbourne’s iconic c1940’s Deco Tower ticks all the boxes in a contemporary, two-bedroom plus study layout. Surrounded by the endless shopping, cafés, restaurants and bars of the CBD and Lygon Street, the home enjoys boundless convenience with transport, RMIT and Carlton Gardens at its door.Welcomed by a secure entry foyer immersed in magical Art Deco charm, the building enjoys the luxuries of today, whisking guests to the fourth-floor apartment by lift. Bathing in natural light and breathtaking views, a modern open plan layout offers substantial space to relax, dine and entertain friends, catered to by a chic, fully appointed kitchen with quality Smeg cooking appliances and plenty of storage. A home office or guest bedroom is positioned with ease on the ground floor along with a stunning guest bathroom, while the upstairs loft provides two further robed bedrooms and a central bathroom, providing ample space and flexibility to the main bedroom for use as a private retreat, dressing room or even a second home office. Complete with two secure carparks, the home delivers the essential comforts for modern living in a historic Melbourne building, along with luxe communal amenities including a swimming pool and spa, gymnasium, sauna, steam room, and a barbecue terrace amid lush, landscaped gardens.

Property History for 403/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$820,000
24 Mar 2020
  • 03 Mar 2020
    Listed for Sale $790,000-$850,000
  • 20 Jun 2018
    Listed for Rent - Price not available
  • 10 Jan 2017
    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 64,245 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.
There are currently 247 properties listed for sale, and 169 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2760 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.