4/593-597 Spencer StreetWest Melbourne VIC 3003
Property Details for 4/593-597 Spencer St, West Melbourne
4/593-597 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 92m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in September 2017.
Last Listing description (September 2017)
Showing off with breathtaking views of the Docklands skyline as well as stylish and sophisticated internal highlights that will impress the most savvy buyers, this oversized two bedroom apartment in a low density block of only four properties is a unique West Melbourne opportunity. Close to trendy Errol Street cafes, Flagstaff Garden, Victoria St trams & North Melbourne Station.
Accommodation: Enjoying low Body Corporate fee and with a position on the top floor, this well-appointed and generous apartment has an impressive resume. Major features include a spacious central lounge and dining zone with reverse cycle cooling, sizeable undercover balcony with gorgeous Docklands views, airy tiled kitchen with stone countertops and stainless steel Smeg appliances including an induction cooktop, both bedrooms with BIRs, study nook, a sleek bathroom with combined bath/shower and dual vanities.
Features: Two secure tandem car spaces (accessed via laneway), storage cage, separate laundry, double glazed windows, secure entry.
INDICATIVE SELLING PRICE: $570,000 - $600,000
COMPARABLE SALE 1: 9/28-32 Jeffcott Street, West Melbourne. SOLD $626,500- 13/05/2017- 2 Bed, 1 Bath, 2 Car.
COMPARABLE SALE 2: 1/110 Railway Place, West Melbourne. SOLD $660,000- 31/05/2017- 2 Bed, 1 Bath, 1 Car.
COMPARABLE SALE 3: 6/704 Victoria Street, North Melbourne. SOLD $545,000- 11/05/2017- 2 bed, 1 Bath, 1 Car.
Property History for 4/593-597 Spencer St, West Melbourne, VIC 3003
- 02 Sep 2017Sold for $705,000
- 04 Aug 2017Listed for Sale $570,000 - $600,000
- 17 Jan 2013Listed for Rent - Price not available
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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 7,555 properties. Over the last 5 years, Houses in West Melbourne have seen a 28.71% increase in median value, while Units have seen a -4.28% decrease. As at 31 July 2024:
- The median value for Houses in West Melbourne is $1,446,690 while the median value for Units is $517,290.
- Houses have a median rent of $690 while Units have a median rent of $591.
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