1005/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

1005/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 981m2
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Last updated 13 Apr 2026
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Property Details for 1005/408 Spencer St, West Melbourne

1005/408 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit. The property has a land size of 981m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Land Size
981m2
Local Government
Melbourne
Lot/Plan
1005/PS825474

Last Listing description (March 2026)

FULLY FURNISHED - This immaculately presented 10th floor apartment boasts unimpeded and dramatic views.

Comprises:

- Study Nook

- Security entry leads up to the spacious one bedroom apartment with own laundry facility.

- Contemporary fittings throughout

- Miele stainless steel appliances including gas cooktop, microwave, and dishwasher

- Built in robes

- Reverse cycle air con

- Open plan living and dining take full advantage of magnificent views, you can admire the skyline day and night.

- Excellent complex security with keyless entry to foyer with concierge.

- The sensational rooftop facilities including BBQ area and gym

The enviable location has you close to restaurants, cafe's, Marvel stadium, Crown Entertainment Complex and Southern Cross Station at your doorstep

Property Code: 701

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Property History for 1005/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$565,000
15 Jun 2023
Listed for Rent
$650/w
14 Mar 2026
  • 12 Mar 2026
    Listed for Rent $650 / week
  • 03 Oct 2023
    Listed for Rent $545 / week
  • 15 Jun 2023
    Sold for $565,000
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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 8,464 properties. Over the last 5 years, Houses in West Melbourne have seen a -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:

  • The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 38 properties listed for sale, and 10 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in West melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

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