1205/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1205/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 42m2
Land area: 3115m2
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Property Details for 1205/222 Russell St, Melbourne

1205/222 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 42m2. While the property is not currently for sale or for rent, it was last sold in May 2011.

Building Type
Unit
Year Built
2000
Floor Size
42m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1208/PS337555

Last Listing description (November 2014)

Exclusive apartment with a brilliant 6.7% return.
Occupying a coveted address in the vibrant heart of Melbourne's CBD, this superb one-bedroom serviced apartment is perched upon Level 12 of the popular 'Mantra on Russell' building. Set against a dramatic city backdrop including the laneways of Chinatown below, its spacious open plan design encompasses elegant modern interiors ideal for low maintenance executive living.
Private and quiet, it boasts exceptional residents' facilities and an ultra-convenient location footsteps from boutique shops at QV Melbourne, a host of bars and restaurants, transport options and the theatre district.

A great CBD investment for SMSF buyers or for overseas investors looking for a high return, it currently has a gross rental return of $25,824 pa and a lease in place which commenced in November 2011 with 3 % CPI increases per year.
In addition, owners corporation fees are paid on your behalf for the apartment. A car space is available with this property at an extra cost.
The entrance leads directly into a generous living and dining area with large windows affording city views across Chinatown to Eureka Tower. Nearby is the sleek granite kitchen with stainless steel appliances including a dishwasher. Accommodation is completed by a bright double bedroom with built-ins, city views and a pristine granite ensuite with a shower over a bath.
This outstanding abode features a European laundry, ducted reverse cycle air-conditioning, high ceilings, cloak storage and a secure basement car space on title. Maintained to the highest standards, the building provides video intercom entry to the granite foyer, a reception area, pool, gymnasium, restaurant/bar, function rooms and lift access.

Property History for 1205/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$220,000
07 May 2011
  • 25 Sep 2014
    Listed for Sale $350,000 +
  • 07 May 2011
    Sold for $220,000
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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 64,265 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 273 properties listed for sale, and 165 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2684 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.