1203/222 Russell StreetMelbourne VIC 3000
Property Details for 1203/222 Russell St, Melbourne
1203/222 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 63m2. While the property is not currently for sale or for rent, it was last transferred in March 2023.
Last Listing description (June 2014)
8% Net Return Sound Appealing?
Offering some of the best returns I've ever seen this opportunity will be snapped up quickly! INVESTORS ONLY! Currently rented at $1270 per month and increasing by 3% per year with no vacancy time. Securely tenanted till 2016 with a further 2 x 5 year options. The only outgoings are $763 for Council Rates! The prime inner city location, outstanding amenities and quality appointed rooms make it a first choice for people visiting Melbourne and for the same reasons it's the intelligent choice for people looking for a high yet secure return. Please note: This property is a serviced apartment it can't be owner occupied and so is suitable for investors only (not for first home buyers or owner occupiers). Inspections are by private appointment. Please call or email for further information. Harcourts City Residential, your preferred Estate Agents, specialise in apartment sales & leasing, for in-depth information on Melbourne apartments and further information on the property you are viewing visit: Information on outgoings http://cityresidential.harcourts.com.au/Home/Buy/Outgoing-Summaries/26684 our blog http://harcourtscityresidential.wordpress.com/ website www.cityresidential.harcourts.com.au
Property History for 1203/222 Russell St, Melbourne, VIC 3000
- 24 Mar 2023Transferred
- 03 Jun 2014Listed for Sale $185,000
- 31 Jan 2014Listed for Sale PRIVATE SALE $280,000-310,000
Recent sales nearby
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0About 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 64,238 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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