908/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

908/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 1211m2
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Last updated 29 Dec 2025
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Property Details for 908/118 Russell St, Melbourne

908/118 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 66m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
1950
Floor Size
66m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
908A/PS428294

Last Listing description (January 2025)

Featuring a North Easterly corner aspect on level nine of highly regarded Hero Apartment complex. This spacious light filled, unfurnished two-bedroom apartment includes a generous open plan living area, with split system heating and cooling and floor to ceiling windows to a full width balcony. The dedicated kitchen area includes ample storage space, gas cooking & dishwasher, black stone bench tops and an adjoining separate laundry. Both bedrooms have built in robes and windows, serviced by a stylish tiled bathroom, with marble finishes, bath and a large shower. Additional features include a basement carparking space, secure intercom entry into the beautiful building foyer and lift access.

A superb top end of town position on the corner of Russell and Little Collins Street, with trams, trains, theatres, boutique shopping, restaurants, China Town, Burke Street Mall, Federation Square and amazing laneways all within easy access.

"Prospective renters are required to register for the open-for-inspection to view the property. This ensures they are promptly notified of any changes or cancellations to the scheduled inspection."

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Property History for 908/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$665,000
19 Nov 2022
Listed for Rent
$720/w
30 Jan 2025
  • 20 Jan 2025
    Listed for Rent $720 / week
  • 25 Jan 2023
    Listed for Rent $650 / week
  • 19 Nov 2022
    Sold for $665,000
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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 64,250 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 250 properties listed for sale, and 255 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2735 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. 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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