1307/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1307/118 Russell Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 136m2
Land area: 1211m2
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Property Details for 1307/118 Russell St, Melbourne

1307/118 Russell St, Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 1211m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
Unit
Year Built
2002
Floor Size
136m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
1307/PS428294

Last Listing description (July 2016)

Occupying a prime corner position within the renowned HERO Building, this 3-bedroom, 2-bathroom apartment is the epitome of spacious and stylish CBD living. With its Paris-end location on the corner of Little Collins and Russell Streets, this executive-style two-level penthouse is perfect for those seeking a luxurious and private urban base blessed with a quintessentially Melbourne outlook. Start your day at the base of the building with the top-notch coffee and cuisine at Postal Hall Cafe, or the delectable pastries and breads at Brioche By Philip plus enjoy a plethora of entertainment attractions of boutique shops, theatres and Treasury/Fitzroy Gardens all just a short stroll from the door. Transport options are second-to-none with Flinders Street and Parliament Stations within easy walking distance, as well as the numerous tram lines on Bourke, Collins, Flinders and Swanston Streets allowing you to quickly travel anywhere across Melbourne.
Downstairs, the generous dimensions and neutral tones of the light-filled, open-plan living areas allow for supreme versatility in terms of layout and furnishing, with plenty of room to accommodate casual relaxed, formal dining and wonderful entertaining.
The well-appointed kitchen has been fitted out with black granite benchtops, stainless steel Smeg appliances and dishwasher.

The wrap-around undercover balconies on both levels make the most of their lofty corner perch with a diverse backdrop of heritage buildings, modern facades and northerly aspects.
Upstairs comprises the master bedroom with walk-in robes and deluxe private ensuite plus two additional double bedrooms with built-in robes and an over-sized main bathroom which includes a deep-soaking bathtub for added luxury.
Additional features include two secure, remote access tandem car spaces, ducted heating and cooling throughout, a separate laundry, video intercom entry, and secure entry and lift access.

Property History for 1307/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,650,000
11 Mar 2017
Listed for Rent
$1.10k/w
21 Jun 2016
  • 11 Mar 2017
    Sold for $1,650,000
  • 11 May 2016
    Listed for Rent $1,095 / week
  • 13 Feb 2006
    Sold for $750,000
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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 64,252 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 297 properties listed for sale, and 159 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 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.