About this property
Also written as Unit 505, 118 Russell Street.
Melbourne VIC 3000, Australia
Also written as Unit 505, 118 Russell Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
It is a unit offering two bedrooms and one bathroom. The property is classified as a residential unit rather than a detached house or townhouse
The Russell St/Bourke St tram stop is right at the address, listed as 0.0 km away. This provides easy access to Melbourne’s extensive tram network
The former Empire Theatre and Hoyts Cinema Centre are both at 0.0 km, while the East End Theatre District, Savoy Theatre and several former cinemas such as Bercy Cinema are all within about 0.1 km. These venues offer a range of cinema, theatre and cultural experiences just steps away
The Chinese restaurant Flower Drum is located approximately 0.1 km from the unit, offering fine dining options within a short walk. Additional eateries can be found around the nearby Russell Street precinct
Melbourne has a temperate oceanic climate with warm summers and cool winters, known for changeable weather that can bring rapid shifts in temperature and occasional thunderstorms. The city experiences about 48.6 clear days per year and receives most of its rainfall in isolated showers rather than prolonged rain
As of 2024, Melbourne’s population was 5.35 million, accounting for roughly 19 % of Australia’s total population. The city is the most populous in the state of Victoria and the second‑most‑populous city in the country
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