615/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

615/222 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 3115m2
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Property Details for 615/222 Russell St, Melbourne

Building Type
Commercial
Year Built
2000
Floor Size
88m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
601/PS337555

Last Listing description (July 2007)

Magnificent Saville On Russell!
This splendid fully serviced apartment is of the highest quality and offers you the opportunity to secure a rewarding and trouble free investment.
Located at the top end of Melbourne, this fantastic 1 bedroom is hassle free with no vacancies, no leasing or rent collection fees, no body corporate or general maintenance costs.

An income producing property with a rental return guarantee by one of the biggest names in property – Stockland.
Fully furnished with a collection of fine furnishings designed for space and light in harmony with the apartments style and also come fully air-conditioned.
Sensational resort-style facilities include glass-roofed swimming pool with expansive terrace, sauna, spa and gymnasium.
Included is your own secure car park and with the 24-hour reception and the popular Up One restaurant/cocktail bar to complete the picture.
This superb location is the ideal base for exploring our exciting city. Melbourne’s diverse array of boutique shopping, restaurants and bars, finest theatres and cinemas.

Property History for 615/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$671,000
15 Feb 2019
  • 15 Feb 2019
    Sold for $671,000
  • 25 Jun 2007
    Sold for $315,000
  • 01 Jun 2006
    Listed for Sale $300,000+
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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 64,279 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 248 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2744 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data
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.