506/18 Russell Place, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

506/18 Russell Place
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 766m2
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Property Details for 506/18 Russell Pl, Melbourne

506/18 Russell Pl, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 766m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
Unit
Year Built
2010
Floor Size
48m2
Land Size
766m2
Local Government
Melbourne
Lot/Plan
506/PS624001

Last Listing description (September 2024)

Perfectly positioned in one of the city's best locations between Little Collins and Bourke Street, this fabulous 1 bedroom apartment is the perfect opportunity to suit a variety of buyers.

Stumble out the front door to enjoy a myriad of great lifestyle attractions with easy access to The Bourke Street Mall, theatres, China Town and specialty shopping at the Paris end of the city.

The ideal opportunity for investors looking for a high rental demand location, first home buyers wanting to live and work a CBD lifestyle or city "bolt-hole" buyers looking for a weekender in town. This is the perfect opportunity.

Featuring a clever floorplan, the apartment features excellent open plan living off a modern and well equipped kitchen that leads to a balcony ready for pre-dinner drink before heading out to enjoy the city.

Further, the double bedroom enjoys excellent storage and a well appointed bathroom completes the package.

Priced to sell so inspect this one soon to avoid disappointment.

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Property History for 506/18 Russell Pl, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$375,000
17 Jul 2024
Listed for Rent
$320/w
26 May 2021
  • 17 Jul 2024
    Sold for $375,000
  • 30 Jun 2024
    Listed for Sale Under Offer
  • 24 Feb 2021
    Listed for Rent $320 / week
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 properties were sold in the past 12 months in Melbourne.

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© Copyright 2025. 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.

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