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Back 1202/318 Russell St
Off Market

1202/318 Russell St

Melbourne VIC 3000

2
2
Apartment
Last sold for $720,000
Sophia ZhuSophia Zhu, last sold this property on 25 March 2026 after 68 days on market.

Overview

Level 12 Corner Apartment with Open State Library Views & Resort-Style Facilities

Positioned on Level 12 of the tightly held Abode318 complex and directly facing the State Library of Victoria, this spacious two-bedroom, two-bathroom apartment enjoys an open and uninterrupted outlook, ensuring excellent natural light and a sense of space rarely found in CBD living. While comfortably set on a mid-level floor, the apartment benefits from its outlook over the State Library precinct, meaning the views remain open and protected from future obstruction, offering an ideal balance between elevation, comfort, and liveability. The apartment is thoughtfully designed with a generous open-plan living and dining area, complemented by floor-to-ceiling windows that frame the Melbourne city skyline and enhance the sense of openness throughout. Accommodation is well zoned for privacy and flexibility: - The master bedroom features two built-in wardrobes and a private ensuite. - The second bedroom includes a walk-in robe and is positioned next to the central bathroom. - The central bathroom and laundry can be closed off with an additional door, allowing it to function as an ensuite-style bathroom for the second bedroom, ideal for sharers or guests. The modern kitchen offers stone benchtops, gas cooking, and ample storage, seamlessly connecting to the living space for easy everyday living or entertaining. Residents of 318 Russell Street enjoy access to some of the city's best residential facilities, including: - 24-hour concierge - Fully equipped gym - Indoor heated swimming pool - Sauna and steam room - BBQ terrace - Meeting room - Private dining room and residents' lounge The location is second to none and truly timeless, with QV Melbourne, Melbourne Central and train station, RMIT University, the State Library of Victoria, Lygon Street dining, the theatre district, free trams, and Parliament Station all within easy walking distance. This outstanding apartment presents a superb opportunity for owner-occupiers and investors alike, combining an intelligent layout, open outlook, premium facilities, and one of Melbourne CBD's most sought-after addresses.

Features

2 bedrooms
2 bathrooms
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 1202/318 Russell St is $545.31k.

Median value
$545.31k
Estimated value range
$230k - $2.95m
Median days on market
48
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1202/318 Russell St

2026
Sold
$720,000
Private Sale/Treaty on 25 Mar 2026 by Sophia Zhu, of Melcorp Real Estate City Central
2022
Rented
Undisclosed
Leased on 22 Dec 2022 by Melcorp Real Estate City Central
2021
Rented
Undisclosed
Leased on 15 Nov 2021 by Melcorp Real Estate City Central

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 816 two-bedroom apartments similar to 1202/318 Russell St, have been sold.

This represents a 11% increase in two-bedroom apartments sales when compared to the previous 12 months.

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