132/44-64 Spencer St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 1091m2. While the property is not currently for sale or for rent, it was last sold in August 2017.
Affordable CBD Investment In Grand Location
Directly opposite the Grand Hotel and various modes of public transport, this large studio apartment of 45 sqm (approx) is the perfect stepping-stone to nearby CBD attractions, with Docklands Stadium, fine dining along the Southbank Promenade and the Crown Casino complex minutes away by foot. Comfortable sleeping three, it comes fully-furnished, with the main room enjoying afternoon sunshine via west-facing windows overlooking Spencer St. With mirrored built-in robes and ducted heating/cooling, the bathroom features a shower-over-bath and a stylish timber benchtop. A secure long-term lease is in place with yearly increases, ensuring this affordable studio is a great investment with guaranteed returns, an ideal prospect for those looking to enter the burgeoning inner-city market.
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,192 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
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