1206/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1206/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 81m2
Land area: 1211m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 18 May 2026
Low

High
Save

Property Details for 1206/118 Russell St, Melbourne

1206/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 1211m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in May 2002.

Building Type
Unit
Year Built
1950
Floor Size
81m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
1206/PS428294

Last Listing description (May 2026)

*** INSPECTIONS BY APPOINTMENTS ONLY***
Please enquire online or call our office (open 7 days) on (03) 9808 0481 for a PRIVATE VIEWING of this stunning home.

Step inside this light-filled and architecturally distinctive apartment in the renowned Hero Apartments building, where timeless design meets effortless inner-city living in Melbournes coveted Paris End. Positioned on the elevated 12th floor and spanning approximately 81sqm, this spacious two-bedroom residence delivers an exceptional lifestyle opportunity for owner-occupiers and investors alike. Designed by acclaimed architects Fender Katsalidis, the apartment showcases soaring ceilings, expansive proportions and a seamless indoor-outdoor connection, all enhanced by a striking curved wall feature that adds character and visual appeal. With a welcoming entry hallway setting the tone upon arrival and a thoughtfully designed layout that balances openness with privacy, this home offers both functionality and a unique sense of style in one of Melbournes most iconic residential conversions.

Features include:

* Generous open-plan living and dining area enhanced by floor-to-ceiling sliding glass doors, flowing seamlessly onto a full-width balcony and capturing abundant natural light.
* Architecturally unique curved feature wall, a standout design element that adds character and distinction to the living space.
* Elevated 12th floor position offering privacy, natural light and an enhanced sense of space throughout.
* Sleek and low-maintenance kitchen appointed with marble benchtops, gas cooking, quality appliances, dishwasher and ample cabinetry for storage.
* Two spacious bedrooms fitted with large built-in robes, both enjoying natural light and well-considered proportions.
* Central bathroom featuring a separate full-size bath and large corner shower, combining practicality with comfort.
* Dedicated separate laundry and storage room, a rare and highly desirable inclusion in apartment living.
* Welcoming entry hallway providing a sense of arrival and functional separation rarely found in comparable apartments.
* Split system heating and cooling ensuring year-round comfort.
* Secure building with charming Art Deco-inspired entrance, intercom access and lift facilities.
* Opportunity for parking via rental within the building or external parking solutions, offering flexibility for occupants.

Perfectly positioned at the prestigious Paris End corner of Russell and Little Collins Street, this apartment places you at the heart of Melbournes finest lifestyle attractions. Enjoy immediate access to the Theatre District, Bourke Street Mall, Federation Square, and the Yarra River, along with an endless selection of world-class cafes, restaurants, bars and boutique shopping. With trams, trains and key transport links just moments away, this is a true walk-to-everything location where convenience, culture and connectivity come together seamlessly.
Dont miss this incredible opportunityenquire today!

Contact Josh Hanvey and Scott Kim today on (03) 9808 0481 for more information and secure this home today!

** Sale Method: Private Negotiation
** Settlement: 30/60 Days Preferred
** Inspection: By Appointment Only

Property History for 1206/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$299,000
11 May 2002
Listed for Rent
28 Mar 2025
  • 14 May 2026
    Listed for Sale Private Sale: $590,000 - $640,000
  • 03 Dec 2025
    Listed for Sale $600,000 - $660,000
  • 03 Mar 2025
    Listed for Rent $660 / week
Sign in to see more transactions
Commute Calculator

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 64,328 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 306 properties listed for sale, and 185 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2655 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.