1111/222 Russell StreetMelbourne VIC 3000
Property Details for 1111/222 Russell St, Melbourne
1111/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3115m2 and floor size of 34m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (August 2015)
LEASED TO THE MANTRA GROUP, APT 870 AND 1114 FOR SALE .$257,000 259,000. THIS IS A MODERN APARTMENT OF 40 SQUARE METERS, WITH BEDROOM, BATHROOM, LAUNDRY FACILITIES AND OPEN PLAN KITCHEN AND LOUNGE AREA. THE BUILDING HAS AN IMPRESSIVE POOL AND GYM AREA, IS IN A PRIME MELBOURNE LOCATION IN THE HEART OF THE CHINA TOWN PRECINCT OF MELBOURNE, AND ALSO HAS A QUALITY RESTAURANT AND BAR ATTACHED TO THE BUILDING - ALL MAKING THIS A VERY ATTRACTIVE INVESTMENT. WITH MANTRA OFFERING AN EXCELLENT RENTAL OF $ 1275 PER MONTH FOR UNIT 1114, AND $1362 FOR UNIT 807.THIS TOP QUALITY INVESTMENT PROPERTY IS PRICED TO SELL. IMMACULATELY PRESENTED AND ALSO WITH THE MAJORITY OF OUTGOINGS PAID FOR BY THE MANTRA GROUP, THIS IS A WORTHY ADDITION TO YOUR PROPERTY PORTFOLIO. THE 'MANTRA ON RUSSELL' IS AN OUTSTANDING PROPERTY INVESTMENT OPPORTUNITY.
Property History for 1111/222 Russell St, Melbourne, VIC 3000
- 24 Dec 2016Sold for $240,000
- 07 Aug 2015Listed for Sale $257,000-$259,000
Recent sales nearby
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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 64,230 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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