OFF MARKET

306/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 92m2
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Property Details for 306/118 Russell St, Melbourne

306/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1940. The property has a floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1940
Floor Size
92m2
Local Government
Melbourne
Lot/Plan
306/PS428294

Last Listing description (July 2022)

Proudly Sold by Gina Donazzan

First built in 1948 the Russell Street Telephone Exchange and Post Office was converted in 1999 and designed by Melbournes own Nonda Katsalidis into the highly regarded Hero Apartments, bearing all the distinctive flair that he is so renowned for. This building is not only of historic significance but is also located in the heart of Melbournes Paris-End, with the finest array of bars, eateries, theatres and shopping at your doorstep.

Arranged over 2 levels, spanning approx. 92sqm, this loft, warehouse-style residence boasts soaring ceiling heights and towering windows overlooking Little Collins Street. The entire upstairs level is a sprawling master bedroom- larger than some CBD apartments itself- with a quiet reading nook and study area completing this private oasis and offering the ideal flexible space to work from home if desired.

Downstairs a second spacious bedroom offers both BIRs and under stair storage, an added advantage to this thoughtful city home. The open-plan kitchen features dishwasher, gas stove and stylish stone benchtops, plus an array of cupboard space. Separate laundry adjacent to kitchen is a delightful addition. Huge bathroom with bathtub and separate, fully-tiled shower completes the residence.

Fitted with split-system air conditioning and wall heaters to ensure year-round comfort, the apartment has also been upgraded to state-of-the-art video intercom providing privacy and security. With a high percentage of active owner-occupiers, Hero Apartments is dedicated to sustainability, offering bicycle storage, rooftop solar panels, a worm farm, charity bin, and swap area. Residents also benefit from a dedicated on-site Building Manager, secure mail boxes and two recently upgraded lifts.

Property History for 306/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$725,000
05 Jul 2022
  • 05 Jul 2022
    Sold for $725,000
  • 24 Jun 2022
    Listed for Sale $690,000- $740,000
  • 03 Jul 2006
    Sold for $294,000
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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 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% 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 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,854 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 329 properties listed for sale, and 288 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2132 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.