1/567-571 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

1/567-571 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 119m2
Land area: 712m2
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Property Details for 1/567-571 Spencer St, West Melbourne

1/567-571 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 712m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in December 2011.

Building Type
Unit
Year Built
1993
Floor Size
119m2
Land Size
712m2
Local Government
Melbourne
Lot/Plan
1/PS425673

Last Listing description (July 2016)

Architecturally crafted to create a fusion of luxury and innovation, this tri-level apartment commands an exceptional position on the CBD fringe. Its unique blend of textures coupled with a purity of design allows for a freedom of space to enjoy both indoor and outdoor living with skyline views towards the city. Immediately capturing the imagination the interiors are highlighted by Australian spotted gum flooring with soaring ceilings and a fresh white decor.

Showcasing a continuation of design elements it features an ingenious use of glass and a clever manipulation of light that affords an almost majestic feel. The layout consists of two generous lower level bedrooms each with custom robes and a deluxe stone bathroom honouring a minimalist conceptual design. An open plan living and dining area dominates the upper level boasting access onto a stunning entertaining terrace while the functional yet stylish kitchen features high end appliances and CaesarStone benchtops. Additionally there is a separate study, an abundance of internal storage, Euro laundry, integrated surround sound, designer lighting, reverse cycle air conditioning and secure basement parking with a modified storage cage.

Featured in Belle Magazine, this contemporary apartment is located on the first floor of an industrial style complex. It's ideally placed within walking distance to transport and the CBD including a host of entertainment, cultural and sporting venues.

Stuart Brock : 0407 610 700

Property History for 1/567-571 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$742,000
10 Dec 2011
  • 04 Jan 2012
    Listed for Sale $750,000 - $850,000
  • 10 Dec 2011
    Sold for $742,000
  • 26 Nov 2011
    Listed for Sale Not Disclosed
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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 8,463 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.68% decrease in median value, while Units have seen a -1.84% decrease. As at 31 December 2025:

  • The median value for Houses in West Melbourne is $1,342,812 while the median value for Units is $507,741.
  • Houses have a median rent of $630 while Units have a median rent of $610.
There are currently 33 properties listed for sale, and 26 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 368 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.