401/118 Russell Street, Melbourne, VIC 3000 sold on 16 December 2025 | OnTheHouse
SOLD
Sold on 16 Dec 2025 for $1,530,000

401/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 401/118 Russell St, Melbourne

401/118 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit 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 December 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1950
Local Government
Melbourne
Lot/Plan
401/PS428294

Last Listing description (July 2020)

Melbournes most iconic views

DUE TO COVID-19 RESTRICTIONS: Online auction Saturday, 18th at 1.00pm. For final viewings, please call Sam Fenna to book a private appointment.
To register or view the auction, please contact Sam or use to following link to register: https://us02web.zoom.us/meeting/register/tZYof-2rpj4oHtQ5f5IOJ0snGSHvYne3RiUU

Located in the renowned Hero building, 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. Enjoying an enviable position on the South West corner of the building and only sharing one common wall, this is a very private experience. With unmatched cinematic views, you will delight in calling this beautiful residence home.

Step into a wide hallway, you move through the apartment and past the signature curved wall of the architect to an expansive living and dining space. Outfitted for the entertainer, the custom cabinetry and sound wall are beautifully crafted to create a bespoke entertaining experience and display your beautiful pieces. Another clever addition is the bar which looks directly over the church spires of Collins Street, a magnificent spot for a drink, there is no need to head to a rooftop bar to experience the best of Melbourne when you can do it all from your vantage point.

The central kitchen with an abundance of storage, another fabulous preparation area for those who love to cook and entertain. The master bedroom is expansive, with built-in robes that span metres perfect for those who love to shop. Boasting a soaking tub and separate shower, the ensuite is an absolute showpiece.

Two further bedrooms round out the accommodation serviced by a central sparkling bathroom. Further benefits include a separate laundry, a rarity in the apartment space. 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 with an on-site building manager.

Property History for 401/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,530,000
16 Dec 2025
  • 20 Jul 2020
    Sold for $1,432,500
  • 22 Jun 2020
    Listed for Sale $1,200,000 - $1,300,000
  • 03 May 2014
    Listed for Sale CONTACT AGENT
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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 64,236 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 157 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2752 properties were sold in the past 12 months in Melbourne.

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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.