506/18 Russell PlaceMelbourne VIC 3000
Property Details for 506/18 Russell Pl, Melbourne
506/18 Russell Pl, Melbourne is a 1 bedroom, 1 bathroom House and was built in 2010. The property has a floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom House sold in Melbourne in the last 12 months.
Last Listing description (September 2024)
Perfectly positioned in one of the city's best locations between Little Collins and Bourke Street, this fabulous 1 bedroom apartment is the perfect opportunity to suit a variety of buyers.
Stumble out the front door to enjoy a myriad of great lifestyle attractions with easy access to The Bourke Street Mall, theatres, China Town and specialty shopping at the Paris end of the city.
The ideal opportunity for investors looking for a high rental demand location, first home buyers wanting to live and work a CBD lifestyle or city "bolt-hole" buyers looking for a weekender in town. This is the perfect opportunity.
Featuring a clever floorplan, the apartment features excellent open plan living off a modern and well equipped kitchen that leads to a balcony ready for pre-dinner drink before heading out to enjoy the city.
Further, the double bedroom enjoys excellent storage and a well appointed bathroom completes the package.
Priced to sell so inspect this one soon to avoid disappointment.
Property History for 506/18 Russell Pl, Melbourne, VIC 3000
- 17 Jul 2024Sold for $375,000
- 16 Jul 2024Sold for $375,000
- 30 Jun 2024Listed for Sale $375,000
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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 61,317 properties. Over the last 5 years, Houses in Melbourne have seen a 39.04% increase in median value, while Units have seen a -0.03% decrease. As at 31 July 2024:
- The median value for Houses in Melbourne is $1,620,620 while the median value for Units is $451,754.
- Houses have a median rent of $600 while Units have a median rent of $640.
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