1206/222 Russell StreetMelbourne VIC 3000
Property Details for 1206/222 Russell St, Melbourne
1206/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 2 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 May 2014.
Last Listing description (November 2010)
Price reduced and enjoy the returns 7% !
Rental Guarantee. On offer are two serviced apartments located in the prestigious Mantra on Russell hotel. A secure long term rental contract is in operation on these superb one bedroom spacious apartments located in the central of the Central Business District and each with city skyline views.
The demand for serviced apartments in Melbourne is now extremely high and for the investor this is the perfect opportunity to enter the rental market by securing a long term investment at a low cost entry point. The worry of securing tenants and their associated problems are no longer your worry.
inspection by appointment
Property History for 1206/222 Russell St, Melbourne, VIC 3000
- 21 May 2014Sold for $186,050
- 26 Nov 2010Listed for Sale $180,000 PLUS
- 15 Oct 2010Sold for $170,000
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 64,238 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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