501/340 Russell Street, Melbourne, VIC 3000 sold on 27 May 2025 | OnTheHouse
SOLD
Sold on 27 May 2025 for $650,000

501/340 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
Land area: 4534m2
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Property Details for 501/340 Russell St, Melbourne

501/340 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 May 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1943
Floor Size
64m2
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
501D/PS501388

Last Listing description (July 2013)

BEAUTIFUL 2 BEDROOM APARTMENT IN THE HEART OF MELBOURNE
PERFECTLY LOCATED WITHIN WALKING DISTANCE TO UNIVERSITY OF MELBOURNE AND RMIT UNIVERSITY, THIS AMAZING APARTMENT IS ALSO A STONE THROW AWAY FROM MELBOURNE'S ICONIC PLACES SUCH AS MELBOURNE CENTRAL TRAIN STATION, VICTORIA MARKET, QV SHOPPING CENTRE, AND LYGON STREET FOR FOOD AND AMENITIES. THIS APARTMENT FEATURES OPEN PLAN LIVING AND DINING AREA, TIMBER FLOORBOARDS IN THE KITCHEN AND WALKWAY, 2 LARGE BEDROOMS WITH WINDOWS FOR NATURAL LIGHT, KITCHEN WITH STAINLESS STEEL BENCHTOP, LARGE MODERN BATHROOM, AND A SECURE UNDERCOVER CAR SPACE. COMMON FACILITIES INCLUDE AN INDOOR HEATED SWIMMING POOL, GYMNASIUM, SAUNA, OUTDOOR COURTYARD WITH BBQ FACILITIES, AND 24 HOUR CONCIERGE. CALL SETH HO AT 0422 653 221 TO INSPECT THE PROPERTY TODAY!

Property History for 501/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$650,000
27 May 2025
  • 27 May 2025
    Sold for $650,000
  • 29 May 2013
    Sold for $560,000
  • 27 Mar 2013
    Listed for Sale $580,000
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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 64,290 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 240 properties listed for sale, and 363 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2737 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.