1311/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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1311/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 32m2
Land area: 3115m2
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Last updated 23 Mar 2026
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Property Details for 1311/222 Russell St, Melbourne

1311/222 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 32m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
Unit
Year Built
2000
Floor Size
32m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1314/PS337555

Last Listing description (March 2026)

Enjoy the benefits of a long term, secure lease with this prime studio serviced apartment measuring approximately 32 sqm.

Situated on Level Thirteen and with a Southerly aspect, the apartment features an open plan kitchen, living and bedroom area plus separate bathroom .

The property offers a heated pool, spa, sauna, gym and sun deck, plus a quality restaurant and bar on Level One and good security. The building is in a fantastic Melbourne location in the heart of the Chinatown and theatre precincts all making this a very desirable investment choice.

Leased to the Mantra Group on a rolling one year lease until October 2029, this investment opportunity is worthy of consideration for your property portfolio.

NB OPTION TO OCCUPY IN NOVEMBER 2029.

IMPORTANT INFORMATION:

RENT: $19,435pa
($373 per week approx.)

INCREASE: Annual 3% increases

RETURN: 8.1% (Gross)
6.9% (Nett)

LEASE: Until October 2026

OPTIONS: 3 x 1 years

TENANT (Mantra) PAYS:
Owners Corporation Admin Fees
Insurance
General maintenance

OWNER PAYS:
OC Maintenance: $1,102 (Approx)
Council Rates: $970 pa (Approx)
Water Rates: $846 pa (Approx)

Inspection is by private appointment.

For further details please contact:

Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au

Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

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Property History for 1311/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$285,000
24 Sep 2019
  • 20 Nov 2025
    Listed for Sale $240,000
  • 24 Sep 2019
    Sold for $285,000
  • 18 Oct 2008
    Listed for Sale 295000
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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 64,236 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 252 properties listed for sale, and 159 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

© 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.

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.

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