703/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

703/340 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 4534m2
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Last updated 11 May 2026
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Property Details for 703/340 Russell St, Melbourne

703/340 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 4534m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
Unit
Year Built
2004
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
703D/PS501388

Last Listing description (April 2026)

Available now! Positioned amongst Melbourne's iconic heritage buildings at the top of Russell Street, this bright and well-designed apartment offers modern city living with excellent convenience.

Featuring open plan living, quality finishes, and city views, this apartment provides a private retreat in the heart of the CBD with easy access to public transport, dining, and shopping.

This unfurnished one bedroom apartment also features:

Open plan living and dining area
Modern kitchen with stainless steel appliances
Separate study area. Ideal for working from home
Spacious bedroom with built-in robes
Contemporary bathroom with large shower
Laundry recess and excellent storage throughout
City views
1 x secure carpark

** Photos are for advertising purposes only **

* TO AVOID DISAPPOINTMENT, PLEASE REGISTER TO INSPECT THIS PROPERTY * By registering your details, you will be informed of any updates, changes or cancellations of your appointment. Please ensure you also have photo ID with you for the inspection. Register and apply early to secure this property.

Please ensure that you arrive at the commencement time of the Open For Inspection otherwise we cannot guarantee entry.

To apply for this property, please visit:
https://snug.com/apply/melcorprealestate

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Property History for 703/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$485,000
03 Aug 2023
Listed for Rent
$370/w
20 Apr 2021
  • 01 Apr 2026
    Listed for Rent $575 / week
  • 03 Aug 2023
    Sold for $485,000
  • 30 Jun 2023
    Listed for Sale Private Sale
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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 64,304 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 170 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2669 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

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