Property Details for Lot 1304/222 Russell St, Melbourne
Lot 1304/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000.
Last Listing description (July 2017)
With a secure lease to the Mantra hotel this apartment is an excellent opportunity for investors looking for a carefree long term investment with a great return. (5+5+5+5 lease) Currently rented out for approx. $28,079 pa with a 3% increase every year. The tenant pays for all Body Corporate fees (excluding special levies).
Commanding a prized position along Russell Street, this outstanding serviced apartment (Lot 1304 - Apartment 1301) showcasing classic contemporary elegance throughout a surprisingly spacious floor plan that flows to a large entertaining balcony overlooking the city skyline.Comprising entrance opening into a generously proportioned living and dining area and an integrated study nook. Sleek granite kitchen, stainless steel fixtures including a dishwasher, and ample cupboard space. There is also a superb queen-size bedroom with built-in robes, balcony access and an ensuite bathroom.
Features include a European laundry, ducted air-conditioning, plush drapes and quality carpet. The impeccably maintained building has a granite foyer, reception area, pool, gym, restaurant/bar and internal lift access.
A car space is also available to purchase separately.
Property History for Lot 1304/222 Russell St, Melbourne, VIC 3000
- 27 Mar 2017Listed for Sale $438,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,344 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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