405/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

405/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 1211m2
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Last updated 11 May 2026
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Property Details for 405/118 Russell St, Melbourne

405/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1950. The property has a land size of 1211m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in March 2025.

Building Type
Unit
Year Built
1950
Floor Size
60m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
405/PS428294

Last Listing description (March 2025)

A stylish showpiece of cutting-edge class and enduring design by market leaders Fender Katsalidis, this spacious 2 bedroom apartment is a seductive slice of luxury in the Paris end of town. Superbly located on the corner of Russell and Little Collins Streets, walk to the lively theatre district, Bourke Street Mall, Treasury Gardens, the NGV, sporting precinct, transport choice, and the best bars, cafes and restaurants in the entire country!

An L-shaped kitchen showcases black granite surfaces, ample storage, and stainless-steel appliances including an updated dishwasher. Set on the fourth floor of the in-demand Hero complex, wide-reaching open-plan living and dining is framed by a large picture window with sweeping views of heritage buildings, church spires and the soaring city skyline. The sizeable main bedroom is graced with panel heating, built-in robes and a similar aspect to the living area, while a second bedroom would also work well as a study, adding a professional touch to working from home. A sparkling bathroom boasts a full-sized bathtub, a separate shower with floor-to-ceiling tiles, marble-topped vanity, mirrored cabinetry, additional storage, a wall-to-wall mirror, and laundry capacity featuring a washing machine and a wall-mounted dryer.

Special features include split-system heating and cooling, block-out roller blinds, recessed down-lighting, intercom security, and lift access. This central retreat highlights a buzzing lifestyle choice for city professionals and an exciting opportunity for astute investors seeking high returns. Inspect to be impressed!

*Outgoings
Council Rates: $282.04 per quarter approx.
Water Rates: $180.63 per quarter approx.
Owners Corporation Fees: $1,343.30 per quarter approx.

Potential rental return of $600 per week

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 405/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$480,000
12 Mar 2025
  • 12 Mar 2025
    Sold for $480,000
  • 30 Jan 2025
    Listed for Sale $480,000
  • 11 Jul 2022
    Listed for Sale $440,000 $480,000
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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 64,264 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, 2657 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.