203/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

203/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 1211m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 23 Mar 2026
Low
High
Share
Save

Property Details for 203/118 Russell St, Melbourne

203/118 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 92m2. While the property is not currently for sale or for rent, it was last transferred in December 2023.

Building Type
Unit
Year Built
1950
Floor Size
92m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
203/PS428294

Last Listing description (December 2020)

Located in the renowned Hero Apartments, this building was the former telephone exchange built in the 1950s and converted by the renowned Melbourne architect Nonda Katsalidis in 2001 to residential apartments.

Upon entry to this apartment, you are immediately drawn to the soaring ceilings and the windows which frame the trees on Russell Street and the Eureka Tower in the distance, another icon by the same architect.

The apartment has been meticulously crafted by an owner-occupier, with beautiful timber floors laid on the ground level. As you move upstairs, quality carpets add a sense of luxury to the sprawling master suite that is bigger than many CBD apartments. This area is well thought out with a separate dressing area that is usually found in a shopping boutique, not a City apartment. A study with timber floors also on this level is perfect for those wanting to work from home in an inspiring space. A second bedroom downstairs rounds out the accommodation with an abundance of built-in and under stair storage. Every opportunity to maximise storage has been capitalised on.

The bathroom is a masterpiece, featuring Italian tiles and Australian made tapware. Complete with a freestanding bathtub to soak away in after a long day, these are all key elements that are not incorporated into modern-day developments. The central kitchen complete with a breakfast bar, SMEG appliances, and gas cooking.

From these magnificent surroundings, you can step out of the lift and be at the worlds best restaurants, designer stores, and the latest show at the theatre within minutes.

The Hero building continues to capture the imagination of many and grace the Melbourne streetscape. A building with tremendous architectural merit, the perfect combination that has created an outstanding and proven City residential experience at the Paris-End with an on-site building manager.

Show More

Property History for 203/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Transferred
16 Dec 2023
Listed for Rent
$510/w
18 May 2013
  • 16 Dec 2023
    Transferred
  • 26 Nov 2020
    Sold for $750,000
  • 06 Nov 2020
    Listed for Sale Contact Agent
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 64,238 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 250 properties listed for sale, and 158 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2752 properties were sold in the past 12 months in Melbourne.

Melbourne Profile Page

Suburb Insights for Melbourne 3000

Visit Melbourne profile page
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
Visit Melbourne profile page
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED