1613/222 Russell Street, Melbourne, VIC 3000 sold on 20 May 2025 | OnTheHouse
 
SOLD
Sold on 20 May 2025 for $430,000

1613/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 3115m2
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Sold By
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JELLIS CRAIG - GLEN IRIS
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Property Details for 1613/222 Russell St, Melbourne

1613/222 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 60m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
60m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1616/PS337555

Last Listing description (August 2012)

Mantra On Russell
- Please Note: This property IS NOT suitable for owner occupiers
- Strictly investment buyers only

- Set and forget type investment property
- Perfect for investors wanting consistent no fuss long term returns
- Securely leased to Mantra Apartments on a 5 x 5 x 5 lease - Current lease commenced Dec 2011
- Studio Apartment of 31 sqm's approx
- High Return: $15,771.48 Low Outgoings: $1254.98
- 3% annual increases
- Potential 7% NET return
Perfect location positioned right in the heart of Chinatown
NOTE: Not suitable for Owner Occupation - Investment property only
Inspections: Strictly by Appointment

PHOTO ID REQUIRED AT ALL INSPECTIONS
PLEASE NOTE: Open for Inspection Times and Property Availability is subject to change or cancellation without notice.

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Property History for 1613/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$430,000
20 May 2025
  • 20 May 2025
    Sold for $430,000
  • 27 Mar 2012
    Listed for Sale $220,000
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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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