10/561 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

10/561 Spencer Street
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 152m2
Land area: 703m2
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Last updated 19 Jan 2026
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Property Details for 10/561 Spencer St, West Melbourne

10/561 Spencer St, West Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 703m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in December 2012.

Building Type
Unit
Year Built
1940
Floor Size
152m2
Land Size
703m2
Local Government
Melbourne
Lot/Plan
10/PS418547

Last Listing description (September 2022)

Massive two-level apartment with privacy and exceptional city views. The converted wool store is modern in design and offers great space and style. Complimented by solid timber flooring, Italian light fittings and feature ceilings, this modern residential development is in the heart of the up and coming west Melbourne precinct. Comprises entrance hall, three spacious bedrooms (2 with BIRs, 1 with WIR) on the first level all with ducted cooling, master bedroom with WIR and ensuite, a second bathroom with spa bath, vanity, toilet and separate European laundry. The second level presents an open plan dining area, lounge and kitchen with quality fittings and appliances with 6 burner chef's oven. Features brilliant views of the CBD & Docklands, excellent security, an entertainer's balcony, ducted cooling throughout and two secure car spaces, plus storage cage. All this situated only minutes from the CBD, Docklands, shopping, transport and parks. Rent $750 p/w.

Property History for 10/561 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$825,000
15 Dec 2012
Listed for Rent
$750/w
05 Aug 2022
  • 04 Jul 2022
    Listed for Rent $750 / week
  • 31 May 2017
    Listed for Rent $760 / week
  • 15 Jan 2015
    Listed for Rent $715 / week
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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 8,468 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 36 properties listed for sale, and 22 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 375 properties were sold in the past 12 months in West melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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