Home/Properties/Melbourne/1504/222 Russell Street
1504/222 Russell Street, Melbourne$314,500
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For Saleapartment

1504/222 Russell Street

Melbourne, VIC 3000, Australia
$299,999 – $329,000
1 bed 1 bath

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About this property

Inspection by appointment only Positioned on the 15th floor, this fully furnished serviced apartment offers a low-maintenance investment opportunity in one of Melbourne's most tightly held and recognisable hotel-style buildings. Currently operating within the Mantra management pool, the property presents an ideal set-and-forget addition to any investment portfolio. Perfectly located in the heart of Melbourne's CBD, the apartment is moments from Melbourne Central, QV, Chinatown, RMIT, the State Library and countless restaurants, cafes and entertainment options, ensuring ongoing appeal for both business and leisure travellers alike. Inside, the apartment features a light-filled and functional layout with open-plan living, a well-appointed kitchen, spacious accommodation and modern finishes throughout. Elevated above the city streets, the residence enjoys impressive skyline outlooks while delivering the comfort and convenience expected from a premium city address. Investor highlights include: Fully furnished serviced apartment Currently operating within the Mantra management pool Prime Melbourne CBD location Access to hotel-style facilities Strong accommodation appeal in a high-demand precinct Low-maintenance investment opportunity Whether you are looking to expand your portfolio, secure a CBD asset or purchase a professionally managed investment in a blue-chip location, this is an outstanding opportunity in one of Melbourne's most sought-after hospitality precincts.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
1 month ago

Repayment calculator

$1,525/month
$762 /fortnight
Loan $251,600 at 6.10% over 30 years

Upfront costs

Deposit$62,900
Stamp duty$13,940
Conveyancing (est.)$2,000
Total upfront$78,840
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 29% below the $444,500 median of 72 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)418 m away
  • 7-Eleven540 m away
  • Wesley Place Urban Park183 m away
  • Unnamed296 m away
  • Unnamed316 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 -2.1% / yr over 4 yrs

$340kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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