702/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

702/340 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 4534m2
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Last updated 18 May 2026
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Property Details for 702/340 Russell St, Melbourne

702/340 Russell St, Melbourne is a 1 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 50m2. While the property is not currently for sale or for rent, it was last sold in February 2013.

Building Type
Unit
Year Built
1943
Floor Size
50m2
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
702D/PS501388

Last Listing description (May 2026)

A character-filled showcase of Art Deco style, this elegant 1 bedroom apartment provides a rare opportunity to secure period perfection matched with contemporary class in the Paris end of the city. Step outside and a peerless lifestyle is on full display from your front door. Stroll to Carlton Gardens, Chinatown, the State Library, QV shopping, Melbourne Central and State Library trains, free city trams, theatre district vibrancy, and the finest collection of cafes, bars and restaurants in Australia!Set on the seventh floor of the tightly held Deco Tower inside the former Victoria Police Headquarters building, discover spacious open-plan living and dining stretching out in the favourable warmth of northeastern sunlight. A streamlined kitchen is chef friendly, graced with the full integration of high-performing Smeg appliances including a full-sized dishwasher, microwave, and an oven/4-burner gas cooktop. The generously sized bedroom is serviced by built-in robes and a deluxe bathroom boasting floor-to-ceiling tiles, a glass-topped vanity, and an oversized frameless shower. Additionally, a trio of Juliet balconies capture natural light, fresh air and sweeping neighbourhood views.Comprehensive features include underground car parking, a European laundry, panel heating throughout, timber floorboards, soaring ceilings, Venetian blinds, and intercom entry. As part of the prestigious Concept Blue complex, take full advantage of a concierge and resort-grade use of an indoor pool, spa, fully fitted gym, sauna, steam room, BBQ terrace, cinema, and a shared courtyard garden. Inspect to be impressed!OutgoingsCouncil Rates: $268.00 per quarter approx.Water Rates: $183.00 per quarter approx.Owners Corporation Fees: $1,982.00 per quarter approx.* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 702/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$399,000
18 Feb 2013
Listed for Rent
$520/w
09 Jun 2023
  • 14 May 2026
    Listed for Sale $448,000 - $488,000
  • 08 Aug 2019
    Listed for Rent - Price not available
  • 12 Feb 2018
    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 64,327 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 305 properties listed for sale, and 180 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2666 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.