607/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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607/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 3115m2
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Last updated 16 Mar 2026
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Property Details for 607/222 Russell St, Melbourne

607/222 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 August 2011.

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

Last Listing description (October 2018)

Size, location and excellent rental security are just three reasons why this 65sqm one bedroom apartment is a must to inspect.
Boasting huge living area proportions, u shaped kitchen, 11sqm terrace, excellent natural lighting, king sized bedroom, en suite with bath and euro laundry.

The apartment is within the Mantra on Russell hotel which provides impressive amenities including pool, gym, restaurant and bar and is in a central location to China Town and the Theatre Precinct.
With an attractive long term lease, high rental return and minimal outgoings, this blue chip investment would be a welcomed addition to your property portfolio.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY. NOT FOR OWNER OCCUPATION.
RENT: $26,919 pa
($2,243 per month)
INCREASE: With 3% annual increases between market reviews
RETURN: 6.4% (Gross)
LEASE: Until November 2021
OPTIONS: 3 x 5 year options
TENANT (MANTRA) PAYS:
- Owners corporation fees
- Sinking fund fees
- Insurance
- General maintenance
- Water usage
OWNER PAYS:
- Council rates & water rates of approx. $1,995pa
For further enquires, please call:
Nick Walters of Kingsford Property - the Serviced Apartment Specialists
(03) 9682 6222 or 0438 557 885
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 607/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$310,000
18 Aug 2011
  • 17 Jul 2018
    Listed for Sale $419,000
  • 18 Aug 2011
    Sold for $310,000
  • 23 Aug 2002
    Sold for $249,900
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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 64,241 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 243 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2769 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.

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