1602/222 Russell StreetMelbourne VIC 3000
Property Details for 1602/222 Russell St, Melbourne
1602/222 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 67m2. While the property is not currently for sale or for rent, it was last sold in August 2002.
Last Listing description (May 2023)
A first class investment opportunity, for investors seeking a worry free prime investment, ideal for self managed super funds, this extra spacious one bedroom serviced apartment is securely leased to the Mantra Hotel Group with a gross annual rental of $27,561.74 and market reviews over the next three years.
Being Lot 1605 - known as apartment 1602, featuring a quality contemporary elegance and superbly positioned with a northerly aspect, city views and a surprisingly spacious floor plan. Comprising open plan living and dining with study desk, a dedicated kitchen area with stainless steel appliances. The separate double size bedroom has built in robes and a fully tiled en suite bathroom with bath. Additional features include heating & cooling, Euro Style laundry, and excellent resident facilities of pool, gym, sauna and in - house restaurant.
A fabulous location to appreciate the delights of Melbourne including the Theatre district, China Town, Bourke Street & QV Shopping, transport options and so much more.
Property History for 1602/222 Russell St, Melbourne, VIC 3000
- 25 Feb 2022Listed for Sale $380,000
- 23 Aug 2002Sold for $272,500
- 19 Apr 2002Sold for $206,000
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 64,235 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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