1214/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1214/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 3115m2
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Property Details for 1214/222 Russell St, Melbourne

1214/222 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 60m2. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
Unit
Year Built
2000
Floor Size
60m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1217/PS337555

Last Listing description (July 2008)

5 STAR QUALITY, 5 STAR LOCATION , 5 STAR RETURN 7.4%
Having the best one bedroom floor-plan in 222 Russell Street being 65m2 plus a full width 10m2 balcony this 12th floor north facing apartment has the lot.
With an excellent $392 PW return and a 3% increase due in October this top quality investment property is priced to sell.

Immaculately presented and fully maintained by the 'Mantra Group' it boasts rooms of generous proportions, fully equipped kitchen and substantial bathroom.
Rent: $20,384 pa
Return: 7.4%
Body Corporate fees,Maintainance, Insurances, Water usage, are paid for by your tenant - Mantra.
Owners anual outgoings are limited to
Council rates $855.02
Water rates excluding usage $214.20
For further information please call...
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
Additional feature - HIGH YIELD $392 PW...7 SQUARE METER BALCONY...SAUNA...RESTAURANT....

Property History for 1214/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$408,000
15 Apr 2016
  • 15 Apr 2016
    Sold for $408,000
  • 31 Jul 2008
    Sold for $267,500
  • 14 Jun 2008
    Listed for Sale 275000
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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 64,234 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.
There are currently 250 properties listed for sale, and 157 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2747 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.