SOLD
Sold on 11 Dec 2023 for $864,000

1802/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1065m2
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Property Details for 1802/408 Spencer St, West Melbourne

1802/408 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1065m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Land Size
1065m2
Local Government
Melbourne
Lot/Plan
1802/PS825474

Last Listing description (March 2024)

Located just five minutes' walk from the hustle & bustle of the CBD, Parkhill provides fantastic access to Melbourne's shopping, entertainment, transport, education, and business precincts. Enjoy some retail therapy at iconic shopping precincts like Emporium and Melbourne Central; select fresh produce at nearby Queen Vic Market or explore Melbourne's world-class arts and entertainment scene.

Designed for comfort and style, this apartment offers an impressive open plan living and dining in addition to

- Modern inline kitchen with plenty of bench and storage space

- Miele stainless steel appliances including gas cooktop, microwave, fridge and dishwasher
- Light & bright interiors with floor-to-ceiling windows
- Two generous size bedrooms with built-in-robes
- Roomy designs with up to 2.7m high ceilings
- Double-glazed windows with motorised blinds
- European laundry with both washer and dryer
- Concealed ducted air-conditioning & heating in the lounge
- A secure storage cage located within the building

In addition, the complex features:

- Rooftop gymnasium & BBQ courtyard with wrap around views of the Melbourne skyline
- NBN internet & pay-tv available (fees may apply)   
- Keyless building access & video intercom   
- Concierge services & on-site security

Please note that this building has embedded gas and electricity connections through Origin Energy

*Please note this building has an embedded network for one or more utility supplies.
For further information please speak to your Property Consultant.

Property History for 1802/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$864,000
11 Dec 2023
  • 08 Mar 2024
    Listed for Rent $832 / week
  • 11 Dec 2023
    Sold for $864,000

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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.

West Melbourne has 7,501 properties. Over the last 5 years, Houses in West Melbourne have seen a 4.73% increase in median value, while Units have seen a -7.21% decrease. As at 30 September 2024:

  • The median value for Houses in West Melbourne is $1,191,558 while the median value for Units is $515,858.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 55 properties listed for sale, and 34 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.