801/340 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

801/340 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 4534m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 23 Mar 2026
Low

High
Save

Property Details for 801/340 Russell St, Melbourne

801/340 Russell St, Melbourne is a 2 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 74m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
Unit
Year Built
1943
Floor Size
74m2
Land Size
4534m2
Local Government
Melbourne
Lot/Plan
801D/PS501388

Last Listing description (May 2017)

Expression of Interest - Closing Friday 17th February 2.00pm.
Perfectly positioned on the 8th floor in Melbourne's renowned 'Deco Tower' is this pristine two bedroom apartment.
Originally constructed circa 1943, the former Russell Street Police Headquarters is of great historical and architectural significance, given it's distinct 'New York Skyscraper' design.

The complex is finished with elegant stone touches, landscaped garden beds and beautifully paved private courtyards, inviting to all residents and guests.
Occupying the North Corner the apartment enjoys remarkable views into the Old Melbourne Gaol,
the CBD and right around to Lygon Street and the rooftops of Carlton. Flooded with natural light, the residence offers generous living and dining space along with a well-appointed kitchen with stainless steel features. The bedrooms both feature BIRs, natural light source and the master includes a unique 'Juliette Balcony'. Other features include a secure car space, recently installed floating floor throughout, reverse cycle air-conditioning and intercom. Not to mention the private facilities including barbecue area, swimming pool and gym all managed by an on-site building manager.
Enjoy the Melbourne lifestyle literally at your doorstep with nearby 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.
This is your opportunity for either a superb city pad, full time residence or secure investment in a blue chip location.
Attend our next open for inspection to avoid disappointment as this may be sold before the closing date.

Property History for 801/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$656,000
05 Apr 2017
  • 05 Apr 2017
    Sold for $656,000
  • 23 Jan 2017
    Listed for Sale $620,000 - $660,000
  • 30 May 2007
    Sold for $495,000
Commute Calculator

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 64,254 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 170 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2771 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.