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Back 315/118 Russell St
Off Market

315/118 Russell St

Melbourne VIC 3000

2
1
Apartment
Last sold for $630,000
Emily SayersEmily Sayers, last sold this property on 19 November 2025 after 12 days on market.

Overview

NEW YORK INSPIRED APARTMENT WITH INDUSTRIAL CHARM IN THE HEART OF THE CBD

Exuding industrial charm and urban sophistication, this impressive loft apartment delivers authentic warehouse living in one of Melbourne’s most admired architectural conversions – the renowned “Hero” Apartments on Russell Street. • Expansive living and dining area featuring soaring ceilings, hardwood floors, and towering warehouse windows that bathe the space in natural light. • Full-sized kitchen equipped with quality appliances, including gas cooktop and dishwasher, generous storage, and ample bench space with laundry facilities blending function and convenience. • Spacious, well-appointed main bedroom featuring large warehouse-style windows and built in robes. • Central bathroom featuring a full-size rain shower, mirrored cabinetry, and modern silver tapware. • Expansive mezzanine-style bedroom or potential office space, offering privacy, comfort, and a true New York loft ambience. • Additional features include secure building access, lift service, and the advantage of a full-time on-site building manager. • 82sqm approx. of lifestyle living. • Estimated rental return of $600 - $650 per week approx. (Up to $33,800pa approx.) Perfectly placed in the heart of Melbourne’s vibrant CBD, enjoy effortless access to the city’s finest dining, shopping, and cultural attractions. Moments from Federation Square, Flinders Street Station, and the Yarra River, this exceptional apartment offers the ultimate inner-city lifestyle surrounded by Melbourne’s renowned laneways, theatres, and cafés. The Hero Apartments deliver enduring heritage charm and unmatched urban convenience. Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused. The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Features

2 bedrooms
1 bathroom
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 315/118 Russell St is $545.28k.

Median value
$545.28k
Estimated value range
$230k - $2.95m
Median days on market
48
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 315/118 Russell St

2025
Sold
$630,000
19 Nov 2025 by Emily Sayers, of BigginScott Richmond
2022
Rented
Undisclosed
Leased on 13 Oct 2022 by BigginScott Richmond
2022
Rented
Undisclosed
Leased on 24 Aug 2022 by BigginScott Richmond

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 816 two-bedroom apartments similar to 315/118 Russell St, have been sold.

This represents a 11% increase in two-bedroom apartments sales when compared to the previous 12 months.

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