OFF MARKET

648 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 86m2
Land area: 101m2
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Property Details for 648 Spencer St, West Melbourne

648 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom House and was built in 1880. The property has a land size of 101m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2014.

Building Type
House
Year Built
1880
Floor Size
86m2
Land Size
101m2
Local Government
Melbourne
Lot/Plan
2/LP51626

Last Listing description (April 2024)

A uniquely spacious, versatile and private lifestyle with easy access to the best that inner-Melbourne has to offer, this Victorian home features one downstairs bedroom with BIRs and polished floors, open-plan lounge/dining area and kitchen with dishwasher and stainless steel cooking appliances, bathroom with laundry facilities. Upstairs features one bedroom and a second room that could be used as a studio, study space or small third bedroom with loft storage. Features include gas heating and split-system air conditioning, solar power, plus a private north-facing courtyard/garden. In close proximity to North Melbourne station, Errol Street cafes and shops, trams to Queen Victoria Market and CBD.

Property History for 648 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$662,000
26 May 2014
Listed for Rent
$550/w
03 Mar 2023
  • 19 Mar 2024
    Listed for Rent $600 / week
  • 02 Mar 2023
    Listed for Rent $550 / week
  • 29 Nov 2021
    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 7,492 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 43 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.