SOLD
Sold on 17 Apr 2024 for $600,000

710/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 70m2
Sold By
Belle Property Carlton & Melbourne
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Property Details for 710/118 Russell St, Melbourne

710/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1950. The property has a floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1950
Floor Size
70m2
Local Government
Melbourne
Lot/Plan
710/PS428294

Last Listing description (June 2024)

Expressions of Interest closing Wednesday the 17th of April at 2 pm (unless sold prior)

Located within one of Melbourne's most esteemed conversions, this apartment is sure to impress those seeking the epitome of Paris End living. Originally the Melbourne Telephone Exchange and Postal Hall, the Hero Apartments stand as an intriguing conversion crafted for contemporary lifestyles by the renowned architect Nonda Katsalidis.

North-facing and flooded with natural light, this one fulfills all criteria effortlessly. Carefully crafted by an owner with an exceptional eye for detail, this is no ordinary apartment, it is a home that exudes a gallery-like ambience, creating a genuine feel of tranquillity that very few can replicate.

As you step inside, you're welcomed by a practical and roomy home office. A lengthy hallway provides excellent division, separating the work-from-home space from the main living area. A generously sized bedroom, complete with built-in wardrobes and balcony access, is complemented by a spotless central bathroom. The study and bedroom have been elevated with brand-new wool loop pile carpets, adding a touch of luxury to the space.

The inviting living area, featuring timber flooring, is an ideal spot for hosting guests or just relaxing at the end of the day, seamlessly flowing onto your balcony with great city views. As day turns to night, the cityscape undergoes a stunning transformation and it is all yours to take in and enjoy.

The kitchen boasts quality appliances including a dishwasher and European laundry. Further comforts include split system heating and cooling, secure video intercom, and full lift access.

With a dedication to sustainability, the building offers bicycle storage, rooftop solar panels, a worm farm, a charity bin, and a swap area.

The Hero building continues to captivate the minds of many and enhance the streets of Melbourne. Its architectural and historical significance makes it a remarkable residential address, complemented by a full-time onsite building manager.

The Paris End lifestyle on offer here is unmatched, with the very best of Melbourne on your doorstep.

An amazing chapter awaits you.

Property History for 710/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$600,000
17 Apr 2024
Listed for Rent
$400/w
10 Mar 2021
  • 17 Apr 2024
    Sold for $600,000
  • 27 Mar 2024
    Listed for Sale $600,000
  • 10 Jan 2021
    Listed for Rent $400 / week
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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 61,354 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 261 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2079 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.