7/392 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

7/392 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 661m2
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Last updated 13 Apr 2026
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Property Details for 7/392 Russell St, Melbourne

7/392 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1887. The property has a land size of 661m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
1887
Floor Size
57m2
Land Size
661m2
Local Government
Melbourne
Lot/Plan
7/PS436459

Last Listing description (August 2015)

Ensconced within an historic and iconic grand 1800's heritage building, just moments to the CBD, this enormous 1st floor one bedroom mezzanine New York loft style apartment will be impossible to resist. Graciously proportioned and welcoming foyer with parquetry floors, majestic columns and imposing terrazzo marble staircase and iron return balustrade. Huge living area with soaring ceilings, 10 foot picture window, well equipped kitchen (granite bench tops, Blanco SS appliances, gas cook top) and upper level with generous bedroom (BIR), contemporary bathroom (with bath) and mezzanine study. Situated on the corner of Russell and Victoria Street on the gateway to Carlton and city centre with the convenience of the market, universities, city baths, library and every amenity imaginable.

Property History for 7/392 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$505,000
20 Mar 2021
Listed for Rent
$280/w
05 Oct 2012
  • 20 Mar 2021
    Sold for $505,000
  • 25 Jul 2015
    Sold for $475,000
  • 01 Jul 2015
    Listed for Sale $370,000 - $400,000
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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 64,271 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 274 properties listed for sale, and 167 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2691 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. 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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