1301/222 Russell StreetMelbourne VIC 3000
Property Details for 1301/222 Russell St, Melbourne
1301/222 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 July 2017.
Last Listing description (March 2017)
Commanding a prized position along Russell Street, this outstanding serviced apartment presents an excellent opportunity for investors looking for a carefree investment with a great return. Currently rented out for approx. $28,079 with a 3% increase every year. The tenant pays for all Body Corporate fees (excluding levies if any).
Showcasing classic contemporary elegance throughout a surprisingly spacious floor plan. The functional open plan layout flows onto a large entertaining balcony overlooking the city skyline.
The entrance leads into a generously proportioned living and dining area and an intergrated study nook. Sleek granite kitchen, stainless steel fixtures including a dishwasher, and ample cupboard space. There is also a superb queen-size bedroom with built-in robes, balcony access and an ensuite.
Located just footsteps from boutique shopping at QV Melbourne, Chinatown, a host of transport options and the theatre district.
With a secure lease to the Mantra hotel this apartment is a great buy for any investor
Property History for 1301/222 Russell St, Melbourne, VIC 3000
- 03 Jul 2017Sold for $417,000
- 27 Mar 2017Listed for Sale $440,000
- 29 Feb 2012Listed for Sale $230,000
Recent sales nearby
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0About 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 64,279 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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