1211/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1211/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 34m2
Land area: 3115m2
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Last updated 18 May 2026
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Property Details for 1211/222 Russell St, Melbourne

1211/222 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 34m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
2000
Floor Size
34m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1214/PS337555

Last Listing description (August 2016)

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you d like to discuss your investment property options please call me on 0438 557 885
Leased to the Mantra Group, situated on the 12th floor and on the front of the building, this is a modern West facing one bedroom apartment of 65 square meters, with separate bedroom, bathroom, and open plan kitchen and lounge area. Also featured is an 8 square meter West facing balcony. The building has an impressive pool and gym area, is in a fabulous 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.

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
With Mantra offering an excellent rental of $535 per week 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.

Current rent: $27,864 per annum ($535 per week)
Return: 6.5%
Review: Annual 3% between 5 yearly Market Reviews
Terms: Mantra Group until November 2016
Options 4 x 5 year options
Outgoings:
Owner:
Council and water rates $2,268 pa (approximately)
Tenant:
Owners corporate fees
Insurance
Refurbishment
General Maintenance
Water usage

For further enquires, please call Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Mob:0438 557 885
Ph:(03) 9682 6222
E: nick@kingsfordproperty.com.au

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. Prospective purchasers are advised to carry out their own investigations.

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Property History for 1211/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$215,000
21 Feb 2023
  • 21 Feb 2023
    Sold for $215,000
  • 22 Mar 2016
    Listed for Sale SOLD
  • 13 May 2015
    Sold for $240,000
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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 64,323 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 304 properties listed for sale, and 178 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2664 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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