1003/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1003/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 62m2
Land area: 3115m2
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Property Details for 1003/222 Russell St, Melbourne

1003/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 3115m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in November 2002.

Building Type
Unit
Year Built
2000
Floor Size
62m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1006/PS337555

Last Listing description (April 2026)

Located on the 10th floor, this spacious one-bedroom apartment boasts a serene Easterly aspect, encompassing 65 sqm of living space along with a 7 sqm balcony. The generously sized open-plan living/dining area seamlessly connects to a fully equipped kitchen. The king-sized bedroom features built-in robes and an en suite with a sparkling shower over a bath, and a Euro laundry cupboard.

One secure car park is also on offer which is currently leased privately on a month to month basis.

The apartment is currently leased as an Airbnb through MONO, however there may also be an opportunity to lease through Mantra.

Alternatively, extinguish the Airbnb arrangement and the Car park lease and occupy the apartment yourself.

Enjoy the building's impressive amenities, including a pool and gym, all in a prime Melbourne location at the heart of China Town and the theatre precincts.

This property an appealing investment or future home.

Internal Size: 65 sqm Internal + 7 sqm Balcony

Current Rental through MONO Airbnb: $31,538 pa ($605/week)

Current Car Park Rent: $2,880 pa ($55/week)

Outgoings:

OC Admin Fee: $3,927.12 pa OC Maintenance: $1,003.60 pa
Council rates: $1,196 pa Water rates: $728 pa
Utilities Levy $1,539.20

Airbnb agreement can be extinguished with 60 days' notice

Inspection is by private appointment.

Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Property History for 1003/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$177,500
01 Nov 2002
  • 18 Mar 2026
    Listed for Sale $450,000
  • 01 Nov 2002
    Sold for $177,500
  • 01 Nov 2002
    Sold for $202,900
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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 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% 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 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 275 properties listed for sale, and 163 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2683 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.