106/408 Spencer Street, West Melbourne, VIC 3003 sold on 08 March 2025 | OnTheHouse
SOLD
Sold on 08 Mar 2025 for $924,000

106/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 74m2
Land area: 981m2
Save

Property Details for 106/408 Spencer St, West Melbourne

106/408 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2023. The property has a land size of 981m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
2023
Floor Size
74m2
Land Size
981m2
Local Government
Melbourne
Lot/Plan
106/PS825474

Last Listing description (June 2025)

Designer Living on the Edge of the City!

Situated within walking distance from the hustle and bustle of the CBD, Parkhill offers outstanding access to Melbournes premier shopping, entertainment, transport, education, and business districts. Indulge in some retail therapy at iconic destinations such as Emporium and Melbourne Central, pick up fresh produce at the nearby Queen Victoria Market, or immerse yourself in the citys renowned arts and entertainment scene.

Thoughtfully designed for both comfort and style, this beautifully appointed apartment features an expansive open-plan living and dining area, complemented by:

A sleek, modern inline kitchen with ample bench space and storage

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

Bright, airy interiors with floor-to-ceiling windows

A generously sized bedroom with built-in wardrobes

Spacious layout with ceilings up to 2.7 metres high

Double-glazed windows with motorised blinds

European-style laundry with washer and dryer included

Concealed ducted air conditioning and heating in the lounge

Residents also enjoy exclusive access to:

A rooftop gymnasium and BBQ courtyard with wraparound views of the Melbourne skyline

NBN internet and pay TV available (additional fees may apply)

Keyless building access and video intercom system

Concierge services and on-site security for peace of mind

Please note: Gas and electricity services in this building are embedded and provided through Origin Energy.

Property History for 106/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$924,000
08 Mar 2025
  • 17 Apr 2025
    Listed for Rent $770 / week
  • 08 Mar 2025
    Sold for $924,000
Commute Calculator

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 8,470 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 25 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.

Suburb Insights for West Melbourne 3003

Market Insights
West Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
West Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.