1/593-597 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

1/593-597 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 82m2
Land area: 357m2
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Property Details for 1/593-597 Spencer St, West Melbourne

1/593-597 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 357m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2000
Floor Size
82m2
Land Size
357m2
Local Government
Melbourne
Lot/Plan
1/PS449828

Last Listing description (August 2026)

There's something special about finding a home that simply feels right-and this inviting West Melbourne apartment does exactly that. Nestled within a boutique complex of just four residences, it offers the perfect balance of space, comfort and convenience, making it an ideal place to settle in and enjoy everything inner-city living has to offer. Whether you're buying your first home, downsizing or investing, you'll appreciate the welcoming atmosphere from the moment you walk through the door.

Inside, the thoughtfully designed floorplan is filled with natural light and features a generous open-plan living and dining area that extends seamlessly to a private undercover balcony-perfect for your morning coffee, a quiet afternoon read or catching up with friends. The modern kitchen is equipped with quality stainless steel appliances and plenty of storage, while the two spacious bedrooms with built-in robes, dedicated study nook, split-system heating and cooling, secure tandem parking and storage cage ensure everyday living is as comfortable as it is practical.

Step outside and enjoy a lifestyle where everything is within easy reach. Spend weekends exploring Queen Victoria Market, enjoy dinner along Errol Street, take a stroll through Flagstaff Gardens or simply leave the car at home with public transport and Melbourne's CBD just moments away. This is more than just an apartment-it's a place you'll truly love coming home to.

Key Highlights:

* Boutique complex of only four residences
* Two spacious bedrooms with built-in robes
* Light-filled open-plan living and dining area
* Private undercover balcony for year-round enjoyment
* Modern kitchen with granite benchtops and stainless steel appliances
* Dedicated study nook ideal for working from home
* Split-system heating and cooling
* Secure tandem car parking
* Separate storage cage
* Walking distance to North Melbourne Station, trams, Queen Victoria Market, Docklands, Flagstaff Gardens and Melbourne CBD
* Located within the sought-after University High School Zone

Property History for 1/593-597 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$723,499
14 Apr 2021
Listed for Rent
$650/w
03 Oct 2023
  • 03 Aug 2026
    Listed for Rent $680 / week
  • 06 Sep 2024
    Listed for Rent $650 / week
  • 28 Aug 2023
    Listed for Rent $650 / week
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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 8,284 properties. Over the last 5 years, Houses in West Melbourne have seen a -13.58% decrease in median value, while Units have seen a 0.79% increase. As at 31 August 2026:

  • The median value for Houses in West Melbourne is $1,238,625 while the median value for Units is $521,524.
  • Houses have a median rent of $748 while Units have a median rent of $643.
There are currently 40 properties listed for sale, and 34 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 409 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.