305/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

305/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 1211m2
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Property Details for 305/118 Russell St, Melbourne

305/118 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 sold in May 2007.

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

Last Listing description (May 2026)

Experience the pinnacle of Melbourne's "Paris End" lifestyle in this fully furnished, 2-bedroom apartment. Located in the beautiful Hero Building!
Move straight in with high-quality furniture, and a lovely floorplan spanning over two levels!
Enjoy soaring ceilings, a spacious open-plan living and dining area, leading into a gourmet kitchen, bathroom and two large bedrooms!

Be spoilt with a luxury location, being steps away from Melbourne's best top-tier restaurants and cafes at the corner of Russell and Little Collins Streets, a short stroll to high-end boutiques on Collins Street and the Bourke Street Mall. Easy access to Treasury Gardens, Fitzroy Gardens, and the Yarra River. Minutes from Flinders Street and Melbourne Central stations, with multiple tram lines at your doorstep.

"Prospective renters are required to register for the open-for-inspection to view the property. This ensures they are promptly notified of any changes or cancellations to the scheduled inspection."

Use this link to APPLY NOW! https://our.property/9TYo

Property History for 305/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$315,000
07 May 2007
Listed for Rent
$850/w
15 Apr 2026
  • 08 Apr 2026
    Listed for Rent $775 / week
  • 31 Jul 2008
    Listed for Rent - Price not available
  • 01 Feb 2008
    Listed for Rent - Price not available
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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 64,228 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 300 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2650 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.