902/222 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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902/222 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 3115m2
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Property Details for 902/222 Russell St, Melbourne

902/222 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 67m2. While the property is not currently for sale or for rent, it was last sold in July 2013.

Building Type
Unit
Year Built
2000
Floor Size
67m2
Land Size
3115m2
Local Government
Melbourne
Lot/Plan
905/PS337555

Last Listing description (February 2014)

HUGE STUDIO APARTMENT - PRIME INVESTMENT OPPORTUNITY
Apartment 905
222 Russell Street,

Melbourne
$260,000 (Private Sale)
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
We offer here an investment property of high standard and quality. The apartment is a large modern studio apartment of 42 square meters, with separate bathroom, open plan kitchen, lounge and bed area. The property also has an eight square meter East facing balcony.
The building has good security, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a gym, pool, spa, sun deck and quality restaurant attached.
This is a rewarding, trouble free investment returning $338 per week.
* No Vacancies
* No Management Fees
* No Owners Corporate Fees
* No Sinking Funds
* No Maintenance Costs
The Mantra on Russell is an outstanding hassle free property investment opportunity.
Securely leased to the Mantra Group until November 2016 with further options thereafter.
Current rent: $17,589 pa
(With annual 3% increase between Market Reviews)
Return: 6.75 %
Options: 4 x 5 year options
Outgoings:
Owner: Council and water rates $1,600 pa (approx)
Tenant: Owners Corporate Fees, Insurance, General Maintenance, Refurbishment and Water usage.
For further enquires, please call the agent
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 902/222 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$320,000
04 Jul 2013
  • 21 Nov 2013
    Listed for Sale 260000
  • 04 Jul 2013
    Sold for $320,000
  • 13 Aug 2010
    Sold for $200,000
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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 64,235 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.

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