807/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

807/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 1211m2
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Last updated 11 May 2026
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Property Details for 807/118 Russell St, Melbourne

807/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 1211m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last transferred in June 2005.

Building Type
Unit
Year Built
1950
Floor Size
78m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
807/PS428294

Last Listing description (June 2021)

Unique and beautifully presented, spacious 2 bedroom apartment in the iconic "Hero" Building on the corner of Little Collins and Russell Street in the heart of the action.

Amazing, huge living and dining zone (with double height ceiling letting in plenty of light) with heating and cooling leading off to a full length balcony.

Bedrooms have a full wall of BIRs and wall heater. The luxurious bathroom has marble features, full sized bath and separate shower. The streamlined kitchen features granite benches and plenty of usable storage with a separate laundry room off the kitchen. All with the signature "Fender Katsalidis" features which make this a unique, standout apartment.

Rare onsite parking space right next to lift included as well.

Apartment is available either Furnished ( as it is currently) or Unfurnished if you prefer to bring your own.

Available now - Inspection times as advertised or contact Jose on 0411 446 369.

Property History for 807/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Transferred
24 Jun 2005
Listed for Rent
$590/w
08 Jun 2021
  • 09 Feb 2021
    Listed for Rent $590 / week
  • 24 Jun 2005
    Transferred
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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 64,252 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 297 properties listed for sale, and 159 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 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.