OFF MARKET

408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 72m2
Land area: 69m2
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Property Details for 408 Spencer St, West Melbourne

408 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1979. The property has a land size of 69m2 and floor size of 72m2.

Building Type
Unit
Year Built
1979
Floor Size
72m2
Land Size
69m2
Local Government
Melbourne

Last Listing description (October 2023)

BRAND NEW, JUST COMPLETED READY TO MOVE IN

STYLISH & SPACIOUS DESIGNS
> Bright & roomy apartment with elevated 2.7m high ceilings

> Oversized tiled balconies
> Large feature glass windows providing an abundance of natural light and inner city aspects
> Gourmet kitchen with stone benchtops & Miele appliances
> Generous sized master bedrooms with built-in-robes
> Fully tiled bathroom with German tapware
> Euro-laundry including washing machine & dryer
> Concealed air-conditioning & heating
> Award-winning developer

WELCOME TO PARKHILL
Explore the next generation of city homes by multi-awarded developer, Central Equity. Boasting a stylish indoor & outdoor experience for its residents, Parkhill features a rooftop garden terrace for BBQs & dining, exercise areas, gym, and a stylish foyer with 7-day concierge.

OUTSTANDING LOCATION
Enjoy the benefits of a city fringe location in West Melbourne, 5 minutes walk from the CBD. Just moments to the Flagstaff Gardens, Queen Vic Market, world-class education at Uni High, Melbourne University & RMIT, and with trams, buses & trains within easy reach.

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PLEASE NOTE: Furniture and display items depicted are not included. The final product - including views, colours and the plan - will vary from images shown. The vendor and its agents make no representation or warranty about the accuracy of any detail in this material and accept no liability for any error or change. This material does not form part of any contract for sale and should not be relied upon. Lowered ceilings to specified areas. All dimensions are approximate. Area shown is the total titled area rounded to nearest whole number as calculated by the vendor's surveyor in accordance with the plan of subdivision. Central Equity Limited 2023.

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

A timeline of how this property has performed in the market
  • 25 Oct 2023
    Listed for Sale $535k
  • 20 Jan 2021
    Listed for Sale $479,000
  • 25 Feb 2020
    Listed for Sale $579,000

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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 7,489 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, 292 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.