1505/222 Russell StreetMelbourne VIC 3000
Property Details for 1505/222 Russell St, Melbourne
1505/222 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 42m2. While the property is not currently for sale or for rent, it was last sold in September 2008.
Last Listing description (June 2023)
Situated on the fifteenth floor is this extra-large one-bedroom apartment measuring some 67 sqm. The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and a sparkling en-suite including shower over bath and euro laundry.
Currently leased until October 2023 at $542 pw which shows a substantial 7.2% gross return.
The building has an impressive pool sundeck, gym and sauna as well as a quality restaurant and bar attached.
Positioned in a prime Melbourne location in the heart of the Theatre and China Town precincts of Melbourne, makes this a very attractive investment or future home.
Inspection by private appointment only.
Property History for 1505/222 Russell St, Melbourne, VIC 3000
- 03 Dec 2021Listed for Sale $395,000
- 29 Sep 2008Sold for $295,000
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 64,236 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.
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