OFF MARKET

2/593-597 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 83m2
Land area: 354m2
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Property Details for 2/593-597 Spencer St, West Melbourne

2/593-597 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2005. The property has a land size of 354m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in September 2009.

Building Type
Unit
Year Built
2005
Floor Size
83m2
Land Size
354m2
Local Government
Melbourne
Lot/Plan
2/PS449828

Last Listing description (January 2022)

Contemporary styling infused with quality fixtures and fittings will captivate even the most discerning tastes in this as new CBD edge unit with an abundance of space and natural light.
Featuring over sized bedrooms with built in robes, central bathroom with double vanity, all off the wide entrance hallway inviting you through to the living and entertaining zone with floor-ceiling windows & sliding doors to the full width terrace balcony, Open plan living and dining area, Kitchen with stone bench tops and stainless steel appliances.
With only 3 other units in the block, secure entry and 2 car parks including storage cage, walking distance to trendy Errol St cafes, bars, restaurants and to work in the city, an opportunity like this wont last long.

***OPEN TIMES CAN BE SUBJECT TO CHANGE, PLEASE CONFIRM TIMES ON THE DAY****

Property History for 2/593-597 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$460,000
12 Sep 2009
Listed for Rent
$495/w
11 Jan 2022
  • 11 Jan 2022
    Listed for Rent $495 / week
  • 05 Mar 2020
    Listed for Rent $495 / week
  • 10 May 2018
    Listed for Rent $530 / week
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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 7,488 properties. Over the last 5 years, Houses in West Melbourne have seen a -1.86% decrease in median value, while Units have seen a -13.07% decrease. As at 31 October 2024:

  • The median value for Houses in West Melbourne is $1,222,199 while the median value for Units is $498,499.
  • Houses have a median rent of $660 while Units have a median rent of $600.
There are currently 57 properties listed for sale, and 45 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 294 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.