OFF MARKET

507/429 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 45m2
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Property Details for 507/429 Spencer St, West Melbourne

507/429 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
2014
Floor Size
45m2
Local Government
Melbourne
Lot/Plan
508/PS711838

Last Listing description (March 2024)

With a dual level design that is low-maintenance and incredibly smart, and located at the enviable west end of the CBD where you're so close to Flagstaff Gardens and exciting Docklands attractions, this 1 bedroom apartment is a rare find.

Bright living and meals on the ground floor is enhanced by contemporary flooring, and feeds into the low-maintenance straight line stone kitchen with stainless steel appliances and laundry facilities. There is a balcony off the living which exhibits tree top views, meanwhile upstairs, the very private bedroom is bathed in natural light while offering mirrored built-in robe. Other highlights include a beautiful sleek bathroom on the top floor, split system cooling, and secure intercom entry.

So close to charming North Melbourne cafes and restaurants, Spencer Outlet Centre, Marvel Stadium, Coles and Asian supermarkets, Queen Victoria Market, Haileybury College, trams, and Southern Cross Station with Skybus to Melbourne Airport.

Property History for 507/429 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$302,500
28 Oct 2023
Listed for Rent
$450/w
21 Jun 2016
  • 28 Oct 2023
    Sold for $302,500
  • 09 Oct 2023
    Listed for Sale Not Disclosed
  • 14 Jun 2016
    Listed 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 7,568 properties. Over the last 5 years, Houses in West Melbourne have seen a -9.58% decrease in median value, while Units have seen a -15.06% decrease. As at 30 November 2024:

  • The median value for Houses in West Melbourne is $1,134,300 while the median value for Units is $489,911.
  • Houses have a median rent of $660 while Units have a median rent of $600.
There are currently 52 properties listed for sale, and 28 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 301 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.