12/561 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

12/561 Spencer Street
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 112m2
Land area: 703m2
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Property Details for 12/561 Spencer St, West Melbourne

12/561 Spencer St, West Melbourne is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 703m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1940
Floor Size
112m2
Land Size
703m2
Local Government
Melbourne
Lot/Plan
12/PS418547

Last Listing description (February 2023)

In a prime location quite literally on the edge of Melbourne's CBD, this townhouse-style Cinnabar Square apartment presents a brilliant lifestyle/investment opportunity thanks to its dream dimensions, quality inclusions and profusion of natural light throughout. Top floor, set at the rear and one of only twelve, the home's impressive interior boasts two extra-large main bedrooms (both with BIRs) and home office/third bedroom all serviced by a stylish central bathroom with separate shower, spa bath and heated towel rail. Featuring high vaulted ceilings that further emphasize its sense of space, the enormous open-plan living/dining area is accompanied by a granite-bench kitchen complete with large pantry, dishwasher and Smeg cooking appliances. Other highlights of this amazing residence include a large rear balcony with city-south views, split-system heating/cooling and European laundry with trough, plus a secure entrance with intercom and undercover parking space accessed via Mighty Apollo Lane and a storage cage. Walking distance to North Melbourne Station, Victoria Street trams and the buzz of Errol Street, it's also close to Queen Victoria Market, Docklands precinct, Flagstaff Gardens and zoned for much sought after University High School.

Property History for 12/561 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$990,000
05 Feb 2023
  • 05 Feb 2023
    Sold for $990,000
  • 19 Jan 2023
    Listed for Sale Under Offer
  • 03 Nov 2013
    Transferred
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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 8,469 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.

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.