507/118 Russell StreetMelbourne VIC 3000
Property Details for 507/118 Russell St, Melbourne
507/118 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 62m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (January 2024)
**Furnished***
Situated in one of Melbourne's most renowned Paris-end residential buildings, this apartment will excite those wanting it all. Formerly a modernist telephone exchange and post office, the Hero Apartments is a fascinating conversion for contemporary living by the notable architect Nonda Katsalidis.
From these magnificent surroundings, you can step out of the lift and be at the world's best restaurants, designer stores, and the latest show at the theatre within minutes.
The apartment provides versatile open living space and a gourmet kitchen area, European laundry, spacious bathroom with bathtub, and two bedrooms both with windows. With a dedication to sustainability, the building offers bicycle storage, rooftop solar panels, a worm farm, a charity bin, and a swap area.
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 complete with a full-time building manager on-site.
Property History for 507/118 Russell St, Melbourne, VIC 3000
- 23 Nov 2023Listed for Rent $650 / week
- 02 Nov 2022Listed for Rent $600 / week
- 10 Sep 2021Sold for $520,000
Recent sales nearby
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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 64,235 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.
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