1816/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1816/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 34m2
Land area: 3115m2
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Last updated 23 Mar 2026
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Property Details for 1816/222 Russell St, Melbourne

1816/222 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 February 2006.

Building Type
Unit
Year Built
2000
Floor Size
34m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
1802/PS337555

Last Listing description (July 2021)

Situated on the 18th floor with the preferred Northerly aspect is this extra large one bedroom apartment of some 67m2. The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and sparkling ensuite including shower over bath and euro laundry.
The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town and theatre precincts of Melbourne, and also has a quality restaurant and bar attached - all making this a very attractive investment.
With Mantra offering an excellent rental of $630 per week, this top quality investment property would be a welcome addition to your investment portfolio.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

IMPORTANT INFORMATION:

RENT: $32,781 pa
$630 per week

INCREASE: Annual 3% increase between market reviews

RETURN: 6.7%

LEASE: Until Nov 2021

OPTIONS: 3 X 5 years

TENANT (Mantra) PAYS:
Owners corporation fees
Refurbishment
Water usage
Insurance
General maintenance

OWNER PAYS:
Council rates: $1,088 pa
Water rates: $ 950 pa

Inspection by private appointment only.

For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.

M: 0438 557 885
E: nick@kingsfordproperty.com.au

Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

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Property History for 1816/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$275,000
16 Feb 2006
  • 01 Jul 2021
    Listed for Sale $488,000
  • 16 Feb 2006
    Sold for $275,000
  • 07 Oct 2003
    Sold for $181,900
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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 64,238 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 250 properties listed for sale, and 158 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2752 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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