1308/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

1308/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 981m2
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Last updated 20 Apr 2026
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Property Details for 1308/408 Spencer St, West Melbourne

1308/408 Spencer St, West Melbourne is a 2 bedroom, 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 February 2024.

Building Type
Unit
Land Size
981m2
Local Government
Melbourne
Lot/Plan
1308/PS825474

Last Listing description (April 2026)

An impeccable blend of near-new comfort, natural sunlight and high-quality finish, this stunning 1 bedroom apartment is the perfect match for CBD professionals and switched-on investors. Head downstairs and feel the heartbeat of the city with a short walk to Flagstaff Gardens greenery, iconic Queen Victoria Market, Errol Street cafes, top-ranking universities, multiple transport options, and the vibrant Docklands precinct. Every city attraction is ready to access from your doorstep!Glide over sleek floorboards throughout spacious open-plan living and dining, underpinned by a stone-topped kitchen featuring soft-closing cabinetry, a Fisher and Paykel dish-drawer, and premium Miele appliances including an oven, microwave and a 4-burner gas cooktop. Owning a 13th floor position in the prized Parkhill complex, floor-to-ceiling glass slides open to a sheltered east-facing balcony capturing morning light and revealing striking vistas sweeping across the soaring city skyline. Sharing the outlook, the large bedroom is filled with natural light, sensationally serviced by mirrored built-in robes and a sleek bathroom showcasing a fully tiled shower area, ample storage and a concealed cistern.Special features include a European laundry with a washing machine and dryer, ducted heating/cooling, double glazing, recessed down-lighting, and motorised blinds with doubles in the bedroom. Highly prized Parkhill is graced with intercom security, a welcoming concierge, and exclusive access to a well-equipped rooftop gym and BBQ terrace. Make plans to inspect today!* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 1308/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$518,000
27 Feb 2024
  • 20 Apr 2026
    Listed for Sale $418,000 - $438,000
  • 27 Feb 2024
    Sold for $518,000
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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 8,466 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 13 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 405 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.