51/283 Spring Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

51/283 Spring Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 93m2
Land area: 4736m2
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Property Details for 51/283 Spring St, Melbourne

51/283 Spring St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 4736m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
1998
Floor Size
93m2
Land Size
4736m2
Local Government
Melbourne
Lot/Plan
51/PS405084

Last Listing description (June 2018)

Boasting a free-flowing yet fully functional floor plan, this exceptionally spacious 2 bedroom apartment has been expertly designed to maximise space and attract natural light over an impressive 93m2 (approx.). Framed by the lush greenery of city parkland and the majesty of historic buildings, stroll to Chinatown, QV shopping, and the financial, theatre and sporting districts.
Superbly set on the 5th floor of the sought-after Spring Street Towers complex, discover oversized open-plan living and dining, a sparkling entertainers' kitchen, a luxurious bathroom with bath and a separate laundry. Hemmed by floor-to-ceiling glass, make every social event an occasion on a commanding balcony with uninterrupted, never-to-be-built-out parkland views. Zoned to perfection, both sunlit bedrooms are staged to one side featuring stunning leafy aspects with the main bedroom showcasing walk-in robes and a handy storeroom large enough to work as a study.
Surrounded by iconic laneways with award-winning restaurants and cafes, enjoy secure parking, electric panel heating, separate WC, intercom entry, and resort-style facilities including pool, tennis courts, gym and entertainment area.

MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $549,750
INDICATIVE SELLING PRICE: $630,000 - $670,000
COMPARABLE SALE 1: 1705/22-24 Jane Bell Lane, Melbourne. SOLD $657,000 - 20-03-2018 - Bed 2, Bath 1, Car 1, Land Size 79
COMPARABLE SALE 2: 2011/222 Russell Street, Melbourne. SOLD $650,000 - 02-02-2018 - Bed 2, Bath 1, Car 1
COMPARABLE SALE 3: 46/283 Spring Street, Melbourne. SOLD $680,000 - 17-03-2018 - Bed 2, Bath 2, Car 1, Land Size 85

Property History for 51/283 Spring St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$720,000
15 May 2018
Listed for Rent
$540/w
19 Apr 2011
  • 15 May 2018
    Sold for $720,000
  • 09 May 2018
    Listed for Sale $630,000 - $670,000
  • 22 Dec 2010
    Listed for Rent - Price not available
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About Melbourne 3000

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 64,250 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 255 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2725 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.