1607/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1607/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 3115m2
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Last updated 23 Mar 2026
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Property Details for 1607/222 Russell St, Melbourne

1607/222 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 62m2. While the property is not currently for sale or for rent, it was last sold in March 2002.

Building Type
Unit
Year Built
2000
Floor Size
62m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1610/PS337555

Last Listing description (November 2014)

7.7% Return! Pay NO Body Corp fees
With great returns on offer, the location, size, condition and performance of this property makes this the ultimate hassle free investment that will not last long!
INVESTORS ONLY!

Currently rented at $2,204.75 ($26,457p.a) per month and increasing by 3% per year with No Vacancy. Securely tenanted till 2015 with a further 2x 5 year options.
This outstanding investment will suit a savvy investor looking for a long lease with a secure tenant. The owner pays no Body Corp. Fee's and the only outgoings are Water and Council Rates!
The prime inner city location, outstanding amenities and quality appointed rooms make it a first choice for people visiting Melbourne and for the same reasons it's the intelligent choice for people looking for a high yet secure return.
Please note: This property is a serviced apartment it can't be owner occupied and so is suitable for investors only (not for first home buyers or owner occupiers).
Inspections are by private appointment. Please call or email for further information.
Harcourts City Residential, your preferred Estate Agents, specialise in apartment sales & leasing, for in-depth information on Melbourne apartments and further information on the property you are viewing visit:
arcourts.com.au/?Home/?Buy/?Outgoing-Summarie
Information on outgoings: cityresidential.hs
our blog: harcourt scityresidential.wordpress.com
website: ci tyresidential.harcourts.com.au
----------------------- ------------------------------ ------------------------------ ------------------------------
Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. Harcourts City Residential suggests that all buyers read the due diligence checklist available on our website:
cit yresidential.harcourts.com.au/?Home/?Buy/?Due-diligence-checklist
Harcourts City Residential is committed to maintaining the protection of the personal information it collects during the course of its business, as it is obliged to do under state and federal legislation. Please find a full copy of our privacy policy on our website: cit yresidential.harcourts.com.au/?Home/?Contact-Us/?Privacy-Policy
Additional feature/s - Property condition: Excellent Property Type: Apartment Unit style: Highrise.

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Property History for 1607/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$277,500
18 Mar 2002
  • 21 Oct 2014
    Listed for Sale PRICE BY NEGOTIATION OVER $340,000
  • 22 Jul 2005
    Listed for Sale 281500
  • 18 Mar 2002
    Sold for $277,500
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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 64,235 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.
There are currently 252 properties listed for sale, and 158 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
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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