517/57 Spencer St, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

517/57 Spencer St
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 58m2
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Last updated 16 Mar 2026
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Property Details for 517/57 Spencer St, Melbourne

517/57 Spencer St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 58m2.

Building Type
Unit
Land Size
58m2
Local Government
Melbourne

Last Listing description (August 2025)

Designed by English born James Moore, The "Grand" reflects Melbourne's boom of the 1880s, with a 130m frontage, the Grand is a reminder of a bygone Victorian Gold rush era, where attention to detail and architectural grandeur reigned supreme. The building is a Victorian landmark highlighted by Art Nouveau architectural features with original tessellated tile flooring, European stonemason work and high ornate columned arches, soaring ceilings and the infamous wide sweeping Grand staircase.

Within the Italianate Style Grand Central building is this immaculate and luxury apartment. The discerning buyer can expect attention to detail and perfection with the very best of quality in the form of an updated bedroom, light filled lounge, separate dining adjoining a modern gourmet kitchen with ample cupboard space and laundry. The bathroom has an overhead shower and a deep relaxing bath. The apartment is a mezzanine loft style with a large void of 6-Metre-high corrugated iron ceilings.

Features also include a 6-metre floor to ceiling library with rolling ladder, chevron parquetry flooring, steel Crittall divider and large original sash windows overlooking Spencer Street. Central ducted heating and cooling, ample storage space & a secure rooftop car space on title.

Building facilities include pool, spa, sauna, gymnasium, restaurant and bar all within a stone throw to Southern Cross station, the tram and a short stroll to the Melbourne aquarium, the Australian Art Centre, Crown Casino, DFO and all that our wonderful city has on offer.

Don't miss out on this opportunity to purchase a unique city apartment.

Property History for 517/57 Spencer St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 16 Jan 2025
    Listed for Sale $580000
  • 17 Jan 2024
    Listed for Rent $650 / week
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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 64,245 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:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 247 properties listed for sale, and 169 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2760 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.