SOLD
Sold on 13 Aug 2024 for $1,200,000

7/567-571 Spencer Street
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 123m2
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Property Details for 7/567-571 Spencer St, West Melbourne

7/567-571 Spencer St, West Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1930. The property has a floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
1930
Floor Size
123m2
Local Government
Melbourne
Lot/Plan
7/PS425673

Last Listing description (February 2024)

**COVID-19**
Please contact us to arrange a private inspection. If youre attending an inspection we request that you only attend if you are fit and healthy to do so, have not traveled overseas in the past 30 days and not under self-isolation. We request that you maintain a healthy distance and please refrain from touching any hard surfaces including fixtures and doors. Please use the hand sanitiser provided to you. Thank you for your co-operation

Situated at the rear of the warehouse development with sweeping views of the CBD & Docklands is this large, quiet 3 level warehouse apartment. The ground floor comprises 2 good size bedrooms (both with BIRs & panel heating, 1 with ensuite) and European laundry. The whole middle level is dedicated to the large master bedroom with BIRs, panel heating, ensuite with shower, vanity and separate bath. The top level includes modern kitchen with gas cooktop, electric oven, dishwasher overlooking livingroom with split system heating/cooling and large sliding doors opening onto long balcony with city views. The apartment features jarrah floorboards, original warehouse windows and exposed concrete beams, high ceilings, ample storage, 2 separate entrances, secure undercover car space and storage cage.

All this only moments walk from CBD, Docklands, public transport, Errol Street shops and Flagstaff Gardens.

Private inspections only. Rent $655 pw

Property History for 7/567-571 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,200,000
13 Aug 2024
Listed for Rent
$655/w
31 Jul 2020
  • 13 Aug 2024
    Sold for $1,200,000
  • 17 Apr 2020
    Listed for Rent $655 / week
  • 15 Dec 2017
    Listed for Rent $655 / 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 7,568 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.