1209/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1209/118 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1211m2
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Property Details for 1209/118 Russell St, Melbourne

1209/118 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 1211m2. While the property is not currently for sale or for rent, it was last sold in June 2024.

Building Type
Unit
Year Built
1950
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
1209/PS428294

Last Listing description (July 2024)

*** Gas hot water & gas cooking included in rent***

Look no further than this generous, 68sqm 1 bedroom PLUS study located in the highly-regarded Hero apartment complex, corners Russell and Little Collins Streets. Perched high on the 12th floor, this dynamic apartment has a magnificent North-facing living room that opens out to a private balcony with stunning views across Bourke Street and beyond. Live mere footsteps away from a plethora of restaurants, boutique shops, cafes, supermarkets, public transport and all the delights that vibrant Melbourne has to offer.

Security entrance and impressive foyer set the tone for a one bedroom floor-plan of generous proportions, fitted and finished with an evident emphasis on flair. A living/dining area featuring balcony views over the city streetscape are complemented by a gleaming dark granite kitchen with gas cooking, dishwasher and tonnes of storage. A double bedroom with BIRs and big bright windows is served by bathroom featuring a marble vanity and shower. The separate study space adds further appeal to those that work from home.

This unique property is perfect for a professional single or couple looking for the quintessential Melbourne experience. Register now to inspect.

Property History for 1209/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$765,000
02 Jun 2024
Listed for Rent
$720/w
09 May 2024
  • 02 Jun 2024
    Sold for $765,000
  • 31 May 2024
    Listed for Sale Not Disclosed
  • 05 Mar 2024
    Listed for Rent $720 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,342 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 312 properties listed for sale, and 184 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2670 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.