702/118 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 August 2026. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.
This enticing Paris End of Town apartment, positioned on level seven of the highly sought after HERO APARTMENT BUILDING, on the corner of Russell and Little Collins Streets, featuring a heritage outlook towards Collins Street, overlooking Church spires and the city skyline. Perfect for the owner occupier, and ready to occupy, the ideal city base or a prime fully furnished investment opportunity. Features high ceilings, generous open-plan living and dining framed by a large picture window and balcony access, with city views. The L-shaped kitchen area showcases black granite surfaces, ample storage, stainless-steel appliances, gas cooking, dishwasher and pantry. The sizeable main bedroom has built-in robes and a similar view aspect to the living area, while the smaller second bedroom would work well as a study, adding a professional touch to working from home. A spacious bathroom boasts a full-sized bathtub, a separate shower with floor-to-ceiling tiles, marble-topped vanity, mirrored cabinetry, a wall-to-wall mirror and a Euro style laundry. Additional features include, all furniture as inspected, split-system heating and cooling, intercom security and lift access.
Fully appreciate the benefits of convenient access to Her Majesty's Theatre, Regent Theatre, Chinatown, Melbourne Town Hall precinct, Parliament House, Federation Square, Melbourne Central, Bourke Street Mall, laneway restaurants, trams, trains, sporting precincts including the mighty MCG.
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,749 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:
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