586 Spencer Street, West Melbourne, VIC 3003 | House for rent | OnTheHouse
 
FOR RENT
$995 per week

586 Spencer Street
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Available From
Tuesday 5 May 2026| Bond $5,970
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“Annagh Terrace” c.1876 – attractive balcony home with enviable city edge seclusion.

Period charm, contemporary appeal, generous proportions.
• Three Queen sized bedrooms with soaring ceilings and ornamental fireplaces
• Spacious lounge room with access to the wide front balcony (Also suitable for a fourth bedroom)
• New bathroom with shower and bathtub upstairs
• Large kitchen and meals area integrating Caesarstone benchtops and European appliances and new blinds
• North-east facing paved courtyard garden
• Separate external laundry facilities
• Split system air conditioning for year-round comfort
• One open-air off-street parking accessible by Glencoe Place, plus one allocated parking permit
Zoned for University High School and North Melbourne Primary, this address delivers a lifestyle that’s hard to beat – morning coffees and long lunches along Errol Street, nights out at its iconic comedy and dining spots, and weekend wanderings through Queen Victoria Market. With Flagstaff Gardens nearby for a green escape, and the CBD, universities, hospitals, Docklands and transport all within easy reach, it’s inner-city living at its most effortless.
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Property Details for 586 Spencer St, West Melbourne

586 Spencer St, West Melbourne is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for rent with Shape Property Pty Ltd.

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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 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% 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 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.

West Melbourne has 8,461 properties. Over the last 5 years, Houses in West Melbourne have seen a -16.97% decrease in median value, while Units have seen a -5.77% decrease. As at 30 April 2026:

  • The median value for Houses in West Melbourne is $1,214,458 while the median value for Units is $519,281.
  • Houses have a median rent of $738 while Units have a median rent of $625.
There are currently 42 properties listed for sale, and 13 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 389 properties were sold in the past 12 months in West melbourne.

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Yasmeen Nikatos
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Shape Property Pty Ltd
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