1217/222 Russell StreetMelbourne VIC 3000
Property Details for 1217/222 Russell St, Melbourne
1217/222 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 65m2. While the property is not currently for sale or for rent, it was last sold in March 2002.
Last Listing description (February 2014)
In excess of a 7% return - Gross income of $24,788 net income of $20,336
With a secure long-term lease and guaranteed returns, this immaculate apartment is sure to attract plenty of interest from savvy investors. Nestled in the city centre, it's surrounded by Melbourne's finest shopping, dining and entertainment options, while the Mantra serviced apartments also offers resort style facilities.
Boasting unobstructed views of the city skyline and a dual access balcony, this fine apartment also includes a surprisingly spacious living and dining area, as well as an intelligently integrated open plan kitchen. The bathroom features executive tiling and a shower over the bath, while the property also comes with laundry facilities, generous bedroom and split system heating and cooling. Hotel facilities then include a 24 hour concierge and a large pool, spa, sauna and gym, all bathed in natural light by impressive skylights, with an accompanying sundeck ideal for enjoying sunny days.
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Additional feature/s - Close to Schools.
Property History for 1217/222 Russell St, Melbourne, VIC 3000
- 31 Jan 2014Listed for Sale PRIVATE SALE $280,000-310,000
- 20 Jul 2009Listed for Sale Not Disclosed
- 26 Mar 2002Sold for $260,000
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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