208/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
FOR RENT

208/118 Russell Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 110m2
Land area: 1211m2
This property is currently on the market
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Property Details for 208/118 Russell St, Melbourne

208/118 Russell St, Melbourne is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1950. The property has a land size of 1211m2 and floor size of 110m2.This Property is currently listed for rent with MRE

Building Type
Unit
Year Built
1950
Floor Size
110m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
208/PS428294

Last Listing description (April 2026)

Live in a masterpiece from Melbourne's iconic designer Nonda Katsalidis at the Hero Apartments. Perfectly positioned near The Paris End of Collins Street, adjacent to the live-show entertainment precinct, Chinatown, and high-end shopping at your doorstep.

The spacious open plan entertaining/living area is enhanced by a quality kitchen, boasting granite bench tops and a stainless steel sink. The stairs lead to an additional private mezzanine level creating the ideal split between living and entertaining areas or home and office. The bathroom is tiled in clean white, consisting of a bath/shower and toilet. A separate laundry with its sink and built in robes makes organizing and storage a breeze.

As is the case with any bustling city, Melbourne's CBD is so full of life, but what makes our metropolis so special is the sheer number of spectacular eateries on offer, rich cultural vibrancy and ability to provide something for everyone. Discover more via our Place Guides today.

Booking an inspection is easy! Simply click on "Request a Time" to register your details for an inspection time that suits you. Alternatively, "Get in Touch" with our Liveability Agents to enquire today, we look forward to meeting you soon!

By registering, you will be instantly informed of any updates, changes, or cancellations to your appointment.

Applications are processed after inspections have been completed. A link to apply will be provided at the inspection.

Property History for 208/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$379,000
01 Jul 2010
Listed for Rent
$950/w
04 Mar 2026
  • 25 Feb 2026
    Listed for Rent $900 / week
  • 12 Jan 2024
    Listed for Rent $950 / week
  • 01 Mar 2023
    Listed for Rent $1,000 / week
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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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 276 properties listed for sale, and 162 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2692 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.