OFF MARKET

409/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 71m2
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Last updated 16 Sep 2024
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Property Details for 409/118 Russell St, Melbourne

409/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2001. The property has a floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2001
Floor Size
71m2
Local Government
Melbourne
Lot/Plan
409/PS428294

Last Listing description (July 2021)

Deadline sale (if not sold prior) Thursday 15th April at 12pmA rare opportunity for entry into the esteemed heritage listed Hero Apartments building.- Melbourne's Paris End living at its best- Built in 1954 converted to residences in 2002- Former Telephone Exchange and Post Office- Freshly painted throughout- Open plan living and dining area - Spacious 65sqm floorplan - East-facing Juliet balcony - Generous main bedroom with BIRs- Second bedroom/home office/study- Keyless entry with dual access from Russell and Little Collins Street - Heating and cooling for year round comfort- Community and sustainability minded building with fantastic initiatives in place- The Hero Apartments, Nonda Katsalidis conversionIdeally situated moments to Melbourne's best restaurants, famed shopping, cafes and laneway culture, within the free tram zone and easy access to parks and gardens. Whilst every care is taken to ensure accuracy of the sizes, plans and information contained herein no guarantees or warranties are given. Clients are required to make their own investigations, carefully check the formal legal documentation and seek independent professional legal advice.

Property History for 409/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$485,000
16 Apr 2021
  • 16 Apr 2021
    Sold for $485,000
  • 18 Mar 2021
    Listed for Sale Dadline Sale (unless sold prior)

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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 61,329 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 301 properties listed for sale, and 275 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2039 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.