304/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

304/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 304/118 Russell St, Melbourne

304/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1950
Local Government
Melbourne
Lot/Plan
304/PS428294

Last Listing description (March 2023)

Loft-Style living with the best of the Paris-End on the doorstep

Expressions of Interest - Closing Wednesday, 22nd of March at 2pm (Unless sold prior)

Situated in one of Melbourne's most renowned conversions, this apartment will excite those wanting it all. Formerly a modernist telephone exchange and post office, the Hero Apartments is a fascinating conversion for contemporary living by the notable architect Nonda Katsalidis.

Upon entering this apartment, you are immediately drawn to the soaring ceilings and windows that allow abundant natural light to stream through to your open-plan living and dining room. As you move upstairs, you will be wowed by the sprawling master suite that is bigger than many CBD apartments. This space works perfectly for those wanting the flexibility to create a home office and work from home. A second bedroom downstairs with built-in robes and under-stair storage rounds out the accommodation. Retrofitted double glazing ensures the apartment is at a comfortable temperature year-round and soundproof.

The sparkling bathroom features a bathtub to soak away after a long day. The streamlined kitchen includes a dishwasher and a separate laundry area.

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

With a dedication to sustainability, the building offers bicycle storage, rooftop solar panels, a worm farm, a charity bin, and a swap area.

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 complete with a full-time building manager on-site.

Property History for 304/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$725,000
22 Mar 2023
  • 22 Mar 2023
    Sold for $725,000
  • 22 Feb 2023
    Listed for Sale $715,000 - $735,000
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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 64,290 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 240 properties listed for sale, and 363 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2737 properties were sold in the past 12 months in Melbourne.

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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.