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1003/222 Russell Street, Melbourne$450,000
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1003/222 Russell Street

Melbourne, VIC 3000, Australia
$450,000
1 bed 1 bath 1 car65 m²

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About this property

Located on the 10th floor, this spacious one-bedroom apartment boasts a serene Easterly aspect, encompassing 65 sqm of living space along with a 7 sqm balcony. The generously sized open-plan living/dining area seamlessly connects to a fully equipped kitchen. The king-sized bedroom features built-in robes and an en suite with a sparkling shower over a bath, and a Euro laundry cupboard. One secure car park is also on offer which is currently leased privately on a month to month basis. The apartment is currently leased as an Airbnb through MONO, however there may also be an opportunity to lease through Mantra. Alternatively, extinguish the Airbnb arrangement and the Car park lease and occupy the apartment yourself. Enjoy the building's impressive amenities, including a pool and gym, all in a prime Melbourne location at the heart of China Town and the theatre precincts. This property an appealing investment or future home. Internal Size: 65 sqm Internal + 7 sqm Balcony Current Rental through MONO Airbnb: $31,538 pa ($605/week) Current Car Park Rent: $2,880 pa ($55/week) Outgoings: OC Admin Fee: $3,927.12 pa OC Maintenance: $1,003.60 pa Council rates: $1,196 pa Water rates: $728 pa Utilities Levy $1,539.20 Airbnb agreement can be extinguished with 60 days' notice Inspection is by private appointment. Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
65 m²
Listed
3 months ago

Repayment calculator

$2,182/month
$1,091 /fortnight
Loan $360,000 at 6.10% over 30 years

Upfront costs

Deposit$90,000
Stamp duty$22,070
Conveyancing (est.)$2,000
Total upfront$114,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 6% above the $425,000 median of 77 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Melbourne Central rail replacement stop (bus)471 m away
  • 7-Eleven581 m away
  • Wesley Place Urban Park236 m away
  • Unnamed257 m away
  • Unnamed347 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.8% / yr over 4 yrs

$345kcurrent median

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Price history

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1 price change recorded for this property

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