112/423-435 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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112/423-435 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 5 Jan 2026
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Property Details for 112/423-435 Spencer St, West Melbourne

112/423-435 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Melbourne

Last Listing description (April 2025)

Situated in the heart of West Melbourne is the 423 Spencer Street development. Featuring this elegant and functional one-bedroom double storey apartment.

The first floor features open plan living with floor to ceiling windows, filling this contemporary apartment with light. The modern kitchen is equipped with sleek benchtops, quality appliances including gas cook top and dishwasher. Also includes an integrated washing machine for your convenience.

The spiral staircase will take you up into the warm and cosy bedroom which also includes large windows for extra light, neutral coloured carpet and a spacious built in robe. Along with a separate and functional study the upstairs is serviced by a modern bathroom complete with quality fittings and fixtures.

The location places you within close proximity of hospitals, public transport and educational institutions. The chance to enjoy exceptional apartment living in the heart of Melbourne is here. Book your inspections now.

BOOKING AN INSPECTION
All of our available inspection times are displayed below and you can register yourself for an inspection using our online booking system. If you can't make the listed inspection time or if no times are displayed, please register your interest and we will notify you as soon as an inspection time becomes available.

APPLYING FOR THIS PROPERTY
We have a strict 'inspect before apply' policy for all of our rental properties. You must either inspect the property yourself or have someone attend on your behalf. We only accept online applications through 2Apply and the application code will be provided to you at the inspection.

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Property History for 112/423-435 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
$280/w
02 Nov 2020
  • 23 Oct 2024
    Listed for Rent $450 / week
  • 01 May 2022
    Listed for Rent $320 / week
  • 05 Oct 2020
    Listed for Rent $280 / 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 8,471 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 27 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 374 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.

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.

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