1406/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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1406/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 34m2
Land area: 3115m2
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Property Details for 1406/222 Russell St, Melbourne

1406/222 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 34m2. While the property is not currently for sale or for rent, it was last sold in August 2002.

Building Type
Unit
Year Built
2000
Floor Size
34m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1409/PS337555

Last Listing description (April 2024)

Situated on the 14th floor with a quiet Southerly aspect is this oversized one-bedroom apartment measuring 65 sqm plus 8sqm balcony. The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and sparkling ensuite including shower over bath and euro laundry.

The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town and theatre precincts of Melbourne, and also has a quality restaurant and bar attached - all making this a very attractive investment or future home.

With Mantra offering an impressive rental of $620 per week until October 2024 this high quality investment property would be a welcome addition to your investment portfolio.

The new owner will have the opportunity to either continue the lease with Mantra for another year or extinguish the lease and occupy the apartment from 1st November 2024.

IMPORTANT INFORMATION:

Internal Size: 65 sqm Internal
7 sqm Balcony

Rental: $32,324 pa
($620/week)

Outgoings:

Tenant's Outgoings (Mantra):
Owners Corp Admin Fee: $4,319 pa

Owners Outgoings:
Council rates: $1,538 pa
Water rates: $1085 pa
Owners Corp Maintenance Fund: $1,205
Utilities (Power): $2,133pa

Leased: Until 31st October 2024.

Option: 1 X 1 Year term

Return: 8.1% Gross
6.6% Nett

Inspection can be arranged by private appointment.

For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
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.

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Property History for 1406/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$271,500
20 Aug 2002
  • 12 Feb 2024
    Listed for Sale Not Disclosed
  • 20 Aug 2002
    Sold for $271,500
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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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© 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
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