SOLD
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Sold on 16 Apr 2024 for $485,000

304/340 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 304/340 Russell St, Melbourne

304/340 Russell St, Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment
Local Government
Melbourne

Last Listing description (April 2024)

Situated in one of Melbourne's heritage building at the top end of Russell Street, this bright apartment offers a tranquil lifestyle with the city buzz and spectacular views of the city skyline.

This property boasts a modern kitchen with SMEG appliances and ample storage, European laundry cupboard, and a bedroom with built-in robes and an ensuite. The open living and dining area leads out to a private balcony.

Residents can enjoy the use of resort style facilities including indoor pool, sauna, spa, fully equipped gym and concierge service. The property is just a short walk to the Queen Victoria Market, major city gardens and popular eateries in Carlton, with Melbourne's public transport system at its doorstep.

Property History for 304/340 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$485,000
16 Apr 2024
Listed for Rent
$420/w
11 Jun 2022
  • 16 Apr 2024
    Sold for $485,000
  • 05 Apr 2024
    Listed for Sale $465,000
  • 30 May 2022
    Listed for Rent $420 / week

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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 61,329 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 275 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2039 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Sophia Zhu
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Melcorp Property
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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.