OFF MARKET

XX5/512-542 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 4 Nov 2024
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Property Details for Xx5/512-542 Spencer St, West Melbourne

Xx5/512-542 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Melbourne

Last Listing description (September 2022)

Perfectly situated in the heart of West Melbourne, the Marker, as a forthcoming landmark residential building, provides a statement of modern living to a significant higher standard of modern urban living.

Sitting on Level 4 with lovely Northerly aspect and approximately 58sqm in total, this lovely and spacious one bedroom plus study apartment is now available as a fantastic opportunity for its future owner/s. Comprising open plan living and meals, sleek kitchen fully equipped with European appliances, one large double bedroom with BIRs, separate study/home office, stylish bathroom, Euro laundry facility and a generous balcony offering great natural light and space for entertainment.

Also features, floor to ceiling windows, timber floorboards, air-conditioning, intercom system and one security car park on title plus a storage cage.

The Marker amenities also include Residents lounge featuring kitchenette and dining zone, Banquette and cocktail lounge seating, Meeting rooms with TV and conference facilities, Landscaped residents courtyard with BBQ.

With only a short stroll to Melbourne CBD and surrounded by shops, cafes, restaurants, parks and gardens, plus all the public transports and elite schools, the Markers location is second to none and will surely satisfy all your needs for a luxury and convenient lifestyle.

Settlement is expected to be in two or three months time pending notice.

*Impression photos are for advertising purposes only

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Property History for Xx5/512-542 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
  • 06 May 2022
    Listed for Sale Nomination Sale: $483,000 (Neg)

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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 7,501 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 37 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 302 properties were sold in the past 12 months in West melbourne.

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