1516/222 Russell StreetMelbourne VIC 3000
Property Details for 1516/222 Russell St, Melbourne
1516/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit 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 May 2004.
Last Listing description (April 2023)
It may be the right time to purchase a safe and sound hassle-free investment property.
This apartment is securely leased to the complex, known as The Mantra on Russell and currently returning $28,311 per annum approx., fixed until October 2023 with two further options, each of 1 year, indexed with CPI increases.
Sensationally set on the 15th floor with a North facing orientation, providing great natural light highlighted by floor to ceiling windows and a free-flowing layout, combining kitchen, dining and living zone, fully tiled bathroom with bathtub and combined laundry facilities and the spacious bright bedroom with built in robe.
Building amenities include on-site concierge, fully equipped gym, pool, spa and sauna and in-house restaurant/bar.
Superbly located in the heart of the Melbourne CBD, you are surrounded by all the excitement of Chinatown restaurants, the lively theatre district, Collins Street & Bourke Street Mall, Federation Square, City trams, and the picturesque beauty of the Carlton Gardens. Nelson Alexander Pty Ltd.
Property History for 1516/222 Russell St, Melbourne, VIC 3000
- 15 Dec 2022Listed for Sale Private Sale $345,000
- 09 May 2004Sold for $270,000
- 23 Sep 2002Sold for $269,500
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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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