406/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

406/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 22 Dec 2025
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Property Details for 406/118 Russell St, Melbourne

406/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in April 2011.

Building Type
House
Year Built
1960
Local Government
Melbourne
Lot/Plan
406/PS428294

Last Listing description (January 2022)

The unsung hero! - Heart of Melbourne CBD

Situated in the historic Hero Apartments at the corner of Little Collins and Russell Street and is ideally located in the heart of the city. Ideal for those in search of CBD heartland.

This contemporary apartment comprises two bedrooms, a central bathroom with a stand-alone shower and separate bath, a spacious open plan living room with dining and large kitchen amenity fitted out with all the necessary appliances including a dishwasher.

- Furnished or unfurnished options avaiable - inspection will confirm options.

- 12 month lease terms negotiable.

Perfectly located at the city's Paris end, you will be spoilt for choice being so close to shops, restaurants, cafes, theatres, galleries, and the MCG. A short walk to multiple tram lines and Parliament Station.

COVID-SAFE Inspection must be registered in advance. Simply "email agent" or "get in touch" via the links on the sidebar and our automated inspections booking page will be sent to you. Once registered you will be INSTANTLY informed of any updates, changes or cancellations for your appointment.

To APPLY for any of our advertised rental properties simply visit: https://app.snug.com/apply/chrissnell

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Property History for 406/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$345,000
16 Apr 2011
  • 08 Apr 2021
    Listed for Rent $390 per week
  • 14 Oct 2010
    Listed for Sale $385,000 NEGOTIABLE
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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 -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 251 properties listed for sale, and 233 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2747 properties were sold in the past 12 months in Melbourne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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