315/118 Russell Street, Melbourne, VIC 3000 sold on 20 November 2025 | OnTheHouse
SOLD
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Sold on 20 Nov 2025 for $630,000

315/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Property Details for 315/118 Russell St, Melbourne

315/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment

Last Listing description (November 2025)

Exuding industrial charm and urban sophistication, this impressive loft apartment delivers authentic warehouse living in one of Melbourne’s most admired architectural conversions – the renowned “Hero” Apartments on Russell Street.

• Expansive living and dining area featuring soaring ceilings, hardwood floors, and towering warehouse windows that bathe the space in natural light.

• Full-sized kitchen equipped with quality appliances, including gas cooktop and dishwasher, generous storage, and ample bench space with laundry facilities blending function and convenience.
• Spacious, well-appointed main bedroom featuring large warehouse-style windows and built in robes.
• Central bathroom featuring a full-size rain shower, mirrored cabinetry, and modern silver tapware.
• Expansive mezzanine-style bedroom or potential office space, offering privacy, comfort, and a true New York loft ambience.
• Additional features include secure building access, lift service, and the advantage of a full-time on-site building manager.
• 82sqm approx. of lifestyle living.
• Estimated rental return of $600 - $650 per week approx. (Up to $33,800pa approx.)

Perfectly placed in the heart of Melbourne’s vibrant CBD, enjoy effortless access to the city’s finest dining, shopping, and cultural attractions. Moments from Federation Square, Flinders Street Station, and the Yarra River, this exceptional apartment offers the ultimate inner-city lifestyle surrounded by Melbourne’s renowned laneways, theatres, and cafés. The Hero Apartments deliver enduring heritage charm and unmatched urban convenience.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 315/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$630,000
20 Nov 2025
Listed for Rent
$550/w
13 Oct 2022
  • 20 Nov 2025
    Sold for $630,000
  • 06 Nov 2025
    Listed for Sale Under Offer
  • 28 Sep 2022
    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 64,216 properties. Over the last 5 years, Houses in Melbourne have seen a -21.74% decrease in median value, while Units have seen a -3.46% decrease. As at 31 October 2025:

  • The median value for Houses in Melbourne is $1,015,953 while the median value for Units is $443,745.
  • Houses have a median rent of $625 while Units have a median rent of $650.
There are currently 282 properties listed for sale, and 249 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2648 properties were sold in the past 12 months in Melbourne.

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Contact agent
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Emily Sayers
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Isabella Dimma
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Biggin Scott Richmond Pty Ltd
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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.