507/18 Russell Place, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

507/18 Russell Place
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 790m2
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Property Details for 507/18 Russell Pl, Melbourne

507/18 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 790m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
Unit
Year Built
2010
Floor Size
48m2
Land Size
790m2
Local Government
Melbourne
Lot/Plan
507/PS624001

Last Listing description (May 2025)

Welcome to your new urban oasis! This stylish 1-bedroom apartment, located in the vibrant heart of Melbourne, offers the perfect blend of comfort, convenience, and contemporary living.

Spacious Bedroom: Enjoy a generously sized bedroom with ample natural light and built-in wardrobes, providing both comfort and functionality.

Modern Bathroom: The sleek bathroom features modern fixtures and finishes, ensuring a relaxing space to unwind after a long day.

Open-Plan Living: The open-plan living area seamlessly connects to the kitchen, creating an inviting space perfect for entertaining or simply enjoying a quiet night in.

Fully Equipped Kitchen: The kitchen boasts modern appliances, ample storage, and a stylish design that will inspire your culinary adventures.

Prime Location: Situated on Russell Place, you'll be just steps away from Melbourne's best cafes, restaurants, shopping, and public transport options. Experience the vibrant city lifestyle right at your doorstep!

Additional Amenities: Enjoy access to building amenities such as secure entry.

Contact us today to schedule a viewing and secure your new home!

Property History for 507/18 Russell Pl, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$378,000
15 Feb 2019
Listed for Rent
$500/w
27 May 2025
  • 13 Mar 2025
    Listed for Rent $500 / week
  • 27 May 2019
    Listed for Rent $430 / week
  • 15 Feb 2019
    Sold for $378,000
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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 64,229 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.

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.