Back 701/118 Russell St
Off Market

701/118 Russell St

Melbourne VIC 3000

3
2
1
130 m²
Apartment
Last sold for $1,660,000
Scott McElroyScott McElroy, last sold this property on 04 June 2025 after 28 days on market.

Overview

Elevated Luxury in Melbourne's Iconic Hero Building

Expressions of Interest - Closing Tuesday, the 3rd of June at 2 pm (Unless sold prior) Commanding a prized South-West corner of the celebrated Hero Building, this impeccably renovated 7th-floor residence redefines sophisticated city living. Spanning approximately 130 sqm, it frames sweeping views of Melbourne's iconic spires, with an aspect stretching down Russell Street to the Botanic Gardens. A curated fusion of stone, timber, and bespoke finishes delivers an effortlessly sophisticated aesthetic. The floorplan offers three bedrooms-including a sumptuous master sanctuary with an opulent dressing room (easily reconverted to a third bedroom)-two sleek bathrooms, a gourmet kitchen, and expansive open-plan living. Bathed in natural light and offering exceptional privacy, free from overlooking neighbours rare luxury in the heart of Melbourne's CBD. Complete with air conditioning, secure parking, and a rare full laundry, this residence offers unmatched comfort and functionality. Originally a 1950s telephone exchange, reimagined by renowned architect Nonda Katsalidis, the Hero Building is an enduring icon of Melbourne's architectural heritage, complete with on-site management. A sanctuary of style and substance, steps from the city's best dining, shopping, and culture.

Features

3 bedrooms
2 bathrooms
1 carspace
1 open car space
130 m² floor area
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 701/118 Russell St is $1.01m.

Median value
$1.01m
Estimated value range
$390k - $3.65m
Median days on market
50
Estimated value trend
-8%
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 701/118 Russell St

2025
Sold
$1,660,000
04 Jun 2025 by Scott McElroy, of Belle Property Carlton | Melbourne | North Melbourne
2024
Rented
Undisclosed
Leased on 08 Jun 2024 by Belle Property South Melbourne
2019
Rented
Undisclosed
Leased on 13 May 2019

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 3 bedroom apartments in Melbourne

In the last 12 months, 134 three-bedroom apartments similar to 701/118 Russell St, have been sold.

This represents a 2% decrease in three-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent