409/393 Spencer Street, West Melbourne, VIC 3003 | Apartment for sale | OnTheHouse
 
FOR SALE
$395,000 - $430,000

409/393 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 4024m2
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Stylish City-Fringe Living with Strong Investment Appeal

Positioned on the doorstep of Melbourne's vibrant CBD, this modern apartment at 393 Spencer Street delivers the perfect blend of lifestyle, convenience, and investment potential.
Featuring a well-designed layout, this residence offers a generously sized bedroom that comfortably accommodates a king-size bed, along with a sleek bathroom-making it an ideal choice for first-home buyers, professionals, or savvy investors. The open-plan living and dining area is complemented by contemporary finishes, creating a comfortable and low-maintenance urban retreat.
A true standout of this property is the expansive 35.6sqm private balcony, perfectly complementing the 51sqm internal living space. This oversized outdoor area provides exceptional versatility-ideal for entertaining guests, creating an outdoor lounge, or simply unwinding while enjoying sweeping city views.
Adding to the appeal is the inclusion of a secure car space, making this property highly practical and desirable for both owners and tenants.
Residents enjoy access to premium building facilities including a fully equipped gym, pool, landscaped gardens, and resident lounges, offering a resort-style living experience right at home.
Located within walking distance to Southern Cross Station, Queen Victoria Market, and Flagstaff Gardens, you'll enjoy effortless access to transport, dining, shopping, and entertainment. The property also sits within the Free Tram Zone, making commuting around the city seamless.
Whether you're looking to move in or expand your portfolio, this is a rare opportunity to secure a quality apartment in one of Melbourne's most connected and fast-growing precincts.
Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.auduediligencechecklist
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Property Details for 409/393 Spencer St, West Melbourne

409/393 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces and was built in 2019. The property has a land size of 4024m2 and floor size of 86m2. The place is currently for sale with Gem Realty.

Building Type
Apartment
Year Built
2019
Floor Size
86m2
Land Size
4024m2
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the 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 8,457 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 37 properties listed for sale, and 18 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 401 properties were sold in the past 12 months in West melbourne.

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Tina Liu
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Gem Realty
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