2401/318 Russell St

Off Market

2401/318 Russell St

Melbourne VIC 3000

80.4 m²

Apartment

Last sold for $700,000

Sophia Zhu, last sold this property on 21 October 2026 after 40 days on market.

Overview

2 Bed, 2 Bath with Spectacular City Views

Set high above the heart of Melbourne CBD, this impressive two-bedroom, two-bathroom apartment combines spectacular city views, a practical floorplan and the convenience of a highly sought-after central location. The apartment features a bright open-plan living and dining area framed by floor-to-ceiling windows, capturing an outstanding outlook across Melbourne's iconic skyline. The contemporary kitchen offers excellent functionality and integrates seamlessly with the living space. Both bedrooms are generously proportioned and, importantly, each bedroom is equipped with its own air conditioning, providing excellent year-round comfort. With two bathrooms, including an ensuite to the main bedroom, the layout is equally well suited to owner-occupiers, professionals and tenants. Residents also enjoy access to the building's excellent range of resident facilities, adding further lifestyle appeal and convenience to this superb CBD address. For investors, the property offers the added advantage of an existing tenancy, currently returning $860 per week, with the lease secured until the end of Jan next year - providing immediate rental income from settlement. Located on Russell Street in the heart of Melbourne, the apartment is surrounded by some of the city's best dining, shopping, entertainment and public transport options, with universities and everything the CBD has to offer within easy reach. Key Features: 2 bedrooms, 2 bathrooms including ensuite, air conditioning to both bedrooms, spectacular high-rise city views, floor-to-ceiling windows, open-plan living and dining, excellent resident facilities, prime Melbourne CBD location, currently leased at $860 per week, with the existing lease running until the end of Jan next year.

Features

2 bedrooms

2 bathrooms

80.4 m² floor area

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 2401/318 Russell St is $542.95k.

Median value

$542.95k

Estimated value range

$237k - $3m

Median days on market

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 2401/318 Russell St

2026

Sold

$700,000

Private Sale/Treaty on 21 Oct 2026 by Sophia Zhu, of Melcorp Real Estate City Central

2026

Rented

Undisclosed

Leased on 13 Jan 2026 by Melcorp Real Estate City Central

2025

Rented

Undisclosed

Leased on 16 Jan 2025 by Melcorp Real Estate City Central

Happy sellers in Melbourne

82%

82% 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 115 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 747 two-bedroom apartments similar to 2401/318 Russell St, have been sold.

This represents a 22% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Melbourne for a free market appraisal.

Annamaria Stella

at Twig Real Estate

(402 reviews)

Get a free market appraisal

Dionne Wilson

at Harcourts Melbourne City

4.9

(243 reviews)

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Philip Middlemiss

at Re-define Real Estate

(129 reviews)

Get a free market appraisal

Lizzie Zhang

at Forge Real Estate

(15 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne. They have 13 local sales and collected 32 local reviews across the last 12 months.

5 (402 reviews)
32 Reviews in Melbourne
13 Sales in Melbourne

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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

4.9 (243 reviews)
15 Reviews in Melbourne
28 Sales in Melbourne

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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and reliable