OFF MARKET

708/423-435 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 30 Sep 2024
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Property Details for 708/423-435 Spencer St, West Melbourne

708/423-435 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Melbourne

Last Listing description (April 2024)

Nestled within the vibrant 423 Spencer Street development, this newly constructed apartment offers a blend of sophistication and functionality across its two levels.

On the first floor, an airy open-plan living space awaits, boasting floor-to-ceiling windows that flood the contemporary interior with natural light. The modern kitchen features sleek countertops, top-of-the-line appliances including a gas cooktop and dishwasher, as well as an integrated washing machine for added convenience.

Ascend the spiral staircase to discover the inviting bedroom, characterized by ample sunlight streaming through large windows, plush neutral-toned carpeting, and a generously sized built-in wardrobe. Adjacent lies a well-appointed bathroom with premium fittings and fixtures.

Conveniently located, this residence provides easy access to hospitals, public transportation, and educational facilities, promising a lifestyle of convenience and connectivity in the heart of Melbourne.

**Important** Whilst every care is taken in the preparation of the information contained in this marketing, Raeon International will not be held liable for any errors in typing of information. All information is considered correct at the time of advertising.

Property History for 708/423-435 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
$460/w
10 Mar 2023
  • 08 Mar 2024
    Listed for Rent $510 / week
  • 01 Mar 2023
    Listed for Rent $460 / week
  • 14 Sep 2021
    Listed for Rent $320 / 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 7,567 properties. Over the last 5 years, Houses in West Melbourne have seen a 11.70% increase in median value, while Units have seen a -5.56% decrease. As at 31 August 2024:

  • The median value for Houses in West Melbourne is $1,228,041 while the median value for Units is $519,370.
  • Houses have a median rent of $693 while Units have a median rent of $592.
There are currently 54 properties listed for sale, and 28 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 324 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.