701/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

701/340 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 69m2
Land area: 4534m2
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Property Details for 701/340 Russell St, Melbourne

701/340 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 4534m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
1930
Floor Size
69m2
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
701D/PS501388

Last Listing description (June 2018)

Secure part of history and enjoy this perfectly positioned 7th floor apartment in the popular Deco Tower of the Concept Blue Development. The former Russell Street Police Headquarters has been transformed into a residential oasis with varied architectural designs whilst maintaining its historical and architectural 1940's appeal. The complex is complemented by modern fixtures and fittings, state-of-the-art resort style facilities and is impeccably maintained and upgraded by the Owners Corporation.
This sensational apartment enjoys the uninterrupted views across Melbourne and over the Old Melbourne Gaol and provides endless natural light in all rooms. This smooth design provides for a generous living and dining space along with a well-appointed kitchen with stainless steel features and Island bench for added storage. Both bedrooms feature BIRs, natural light source and the master includes a unique 'Juliette Balcony'. A spacious sleek bathroom with large shower, separate European laundry cabinet. Other features include a secure car space and storage cage, recently renewed reverse cycle air-conditioning.
The building is complemented by resort style facilities including, barbecue area, central courtyard gardens, indoor heated swimming pool, sauna, steam room and a well-equipped gym all managed by 24/7 concierge for your convenience.

Enjoy everything Melbourne has to offer from this perfectly located complex within walking distance to QV and Melbourne Central shopping precincts, Melbourne's popular theatre district at the city's east end, Russell and Exhibition streets abundance of dining options and an array of popular bars and cafes.
Opportunities like this do not come up often, so act now.
Outgoings: Council $329.00 p/quarter Water: $147.00 p/quarter OC Fees: $2277 p/quarter

Melbourne Property Solutions, a boutique agency offering a high level of service to our clients. Contact Sam on 0412 545 078, or visit our web site www.melbourneps.com.au where you can see all our listings

Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Property History for 701/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$692,500
22 May 2018
Listed for Rent
$550/w
02 Nov 2013
  • 22 May 2018
    Sold for $692,500
  • 19 Apr 2018
    Listed for Sale PRIVATE SALE $710,000
  • 28 Sep 2013
    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 64,247 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, 2769 properties were sold in the past 12 months in Melbourne.

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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.