Back 507/118 Russell Street
Off Market

507/118 Russell Street

Melbourne VIC 3000

2
1
62 m²
Apartment
Last sold for $520,000
Sam FennaSam Fenna, last sold this property on 28 September 2021 after 102 days on market.

Overview

Iconic Hero

PLEASE NOTE: Due to the current Victorian lockdown, we will not be conducting open for inspections. So that we may assist you with your enquiries please contact the agent on the listing. Expressions of Interest Situated in one of Melbourne's most renowned Paris-end residential buildings, this apartment will excite those wanting it all. Formerly a modernist telephone exchange and post office, the Hero Apartments is a fascinating conversion for contemporary living by the notable architect Nonda Katsalidis. From these magnificent surroundings, you can step out of the lift and be at the world's best restaurants, designer stores, and the latest show at the theatre within minutes. The apartment provides versatile open living space and gourmet kitchen area, European laundry, spacious bathroom with bathtub, and two bedrooms both with windows. 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 capture the imagination of many and grace the Melbourne streetscape. A building with tremendous architectural merit, the perfect combination that has created an outstanding and proven City residential experience complete with a full-time building manager on-site.

Features

2 bedrooms
1 bathroom
62 m² floor area
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 507/118 Russell Street is $550k.

Median value
$550k
Estimated value range
$237k - $3m
Median days on market
46
Estimated value trend
0%
increase 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 507/118 Russell Street

2024
Rented
Undisclosed
Leased on 06 Jan 2024 by Belle Property South Melbourne
2024
Rented
Undisclosed
Leased on 05 Jan 2024 by Belle Property South Melbourne
2022
Rented
Undisclosed
Leased on 10 Nov 2022 by Belle Property South Melbourne

Happy sellers in Melbourne

86%
86% 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 126 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 777 two-bedroom apartments similar to 507/118 Russell Street, have been sold.

This represents a 15% increase in two-bedroom apartments sales when compared to the previous 12 months.

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