651-653 Spencer StreetWest Melbourne VIC 3003
Property Details for 651-653 Spencer St, West Melbourne
651-653 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 188m2. While the property is not currently for sale or for rent, it was last sold in January 2006.
Last Listing description (September 2024)
This is a rare opportunity that doesn't present itself frequently. On the market for the first time in 25 years. You can transform the warehouse with dual street access into a tranquil residential retreat, maintain it for commercial purposes, or undertake a redevelopment project.
Situated near the Queen Victoria Market, the warehouse enjoys an ideal location that both upholds and conserves the market's historical importance, as well as the surrounding unassuming architectural environment, while also highlighting its status as a central gathering place for pedestrians.
The warehouse retains sight lines to both the iconic Meat Market building and the distinctive roof and tower of the North Melbourne Town Hall.
Don't miss out on this rare Mixed use Warehouse in best location opportunity.
Property History for 651-653 Spencer St, West Melbourne, VIC 3003
- 16 Aug 2024Listed for Sale CONTACT AGENT
- 01 Nov 2023Listed for Sale $1,799,000- $1,978,000
- 25 Jan 2006Sold for $595,000
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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 7,492 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.
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