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702/118 Russell Street, Melbourne$538,000
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For Saleapartment

702/118 Russell Street

Melbourne, VIC 3000, Australia
$538,000
2 bed 1 bath

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About this property

Perfect for the owner occupier, the ideal city base or a prime fully furnished investment opportunity, this enticing, Paris End of Town apartment, positioned on level seven of the highly sought after HERO APARTMENT BUILDING, on the corner of Russell and Little Collins Streets, featuring a heritage outlook towards Collins Street, overlooking Church spires and the city skyline. Features high ceilings, generous open-plan living and dining framed by a large picture window and balcony access, with city views. The L-shaped kitchen area showcases black granite surfaces, ample storage, stainless-steel appliances, gas cooking, dishwasher and pantry. The sizeable main bedroom has built-in robes and a similar view aspect to the living area, while the smaller second bedroom would work well as a study, adding a professional touch to working from home. A sparkling bathroom boasts a full-sized bathtub, a separate shower with floor-to-ceiling tiles, marble-topped vanity, mirrored cabinetry, additional storage, a wall-to-wall mirror and Euro style laundry. Additional features include, all furniture as inspected, split-system heating and cooling, intercom security and lift access. Fully appreciate the benefits of convenient access to Her Majesty's Theatre, Regent Theatre, Chinatown, Melbourne Town Hall precinct, Parliament House, Federation Square, Melbourne Central, Bourke Street Mall, laneway restaurants, trams, trains, sporting precincts including the mighty MCG. Ideal for owner occupiers, a great city base or short/long stay rental investment opportunity.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Listed
3 months ago

Repayment calculator

$2,608/month
$1,304 /fortnight
Loan $430,400 at 6.10% over 30 years

Upfront costs

Deposit$107,600
Stamp duty$27,350
Conveyancing (est.)$2,000
Total upfront$136,950
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 20% above the $450,000 median of 77 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Melbourne Central rail replacement stop (bus)658 m away
  • 7-Eleven735 m away
  • Unnamed50 m away
  • Wesley Place Urban Park435 m away
  • Unnamed533 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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