SOLD
Sold on 14 Mar 2024 for $545,000

1001/340 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Sold By
MICM Real Estate
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Property Details for 1001/340 Russell St, Melbourne

1001/340 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1943. The property has a floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1943
Floor Size
61m2
Local Government
Melbourne
Lot/Plan
1001D/PS501388

Last Listing description (March 2024)

A striking showpiece of Art Deco elegance, this idyllic 2 bedroom apartment offers sunlit style, sophistication and stunning city views in a commanding corner position. Securely situated in the prized University High School catchment area, venture downstairs to the refined Paris end of the CBD and stroll to free city trams, Chinatown, the State Library, Carlton Gardens greenery, QV shopping, major universities and a collection of the finest cafes, theatres and restaurants. This lifestyle location speaks for itself!

Discover open-plan living and dining complemented by a streamlined kitchen showcasing stainless-steel surfaces, a tiled splashback and the full suite of premium Smeg appliances including an integrated microwave and dishwasher. Generously sized, robed and privately separated by the living space, the heated bedrooms are filled with light and boast picturesque skyline views. The deluxe bathroom is graced with a fully tiled shower area, while an exquisite Juliet balcony off the living area adds singular charm.

Comprehensive features include secure parking, a large Euro-style laundry, panel heating throughout, double roller blinds, Roman blinds, video intercom entry and an iconic Russell Street entrance. Set to impress on the sub-penthouse level ten floors high in the Deco North building of the prestigious Concept Blue complex, this cream-brick heritage charmer was once the headquarters of Victoria Police. Embrace resort-inspired access to an indoor pool, fully fitted gym, sauna, steam room, BBQ terrace and a shared courtyard garden.

Outgoings:
Council Rates: $311.15 per quarter approx.
Water Rates: $170.00 per quarter approx.
Owners Corporation Fees: $2,597.00 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 1001/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$545,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $545,000
  • 09 Feb 2024
    Listed for Sale $545,000
  • 18 Jun 2003
    Sold for $455,000

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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 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% 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 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,354 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 301 properties listed for sale, and 261 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2070 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.