1005/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1005/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 1005/118 Russell St, Melbourne

1005/118 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1954. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
1954
Local Government
Melbourne
Lot/Plan
1005/PS428294

Last Listing description (July 2024)

Exceptional 10th Floor Apartment in Iconic Hero Building

Experience unparalleled city living in this spacious 10th-floor apartment located in the renowned Hero Apartments, designed by acclaimed architect Nonda Katsalidis. This exceptional residence blends style, comfort, and convenience, making it an ideal rental option in Melbourne.

Boasting floor-to-ceiling windows, the apartment offers breathtaking views of Melbourne's skyline, including the iconic St. Michael's and Scots' churches. The expansive open-plan living area seamlessly extends to a full-length terrace, perfect for enjoying the vibrant city atmosphere and hosting guests.

The apartment features two generously sized bedrooms, with the master bedroom providing direct access to the balcony, a walk-in robe, and a private ensuite. Both bathrooms has been elegantly renovated with stone finishes and full tiling, enhancing the modern aesthetic of the space.

The contemporary stone kitchen is equipped with stainless steel appliances, ample bench space, and extensive storage options, including cupboards and drawers. A separate laundry room adjacent to the kitchen adds to the functionality of the floor plan.

Comfort is ensured year-round with reverse cycle air conditioning, and the apartment includes a secure off-street car park. The building benefits from an onsite manager, contributing to a high-quality living experience for its residents.

Located at the vibrant corner of Collins and Russell Streets, known as Melbourne's brightest corner, this apartment offers easy access to the city's best dining, shopping, and entertainment options. Don't miss the chance to live in this iconic building-contact us today to arrange a viewing!

Property History for 1005/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$892,500
25 May 2024
  • 18 Jul 2024
    Listed for Rent $825 WEEKLY
  • 06 Jun 2024
    Sold for $892,500
  • 27 Apr 2024
    Listed for Sale $870,000- $920,000
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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 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% 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 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.