1408/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

1408/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 981m2
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Last updated 12 Jan 2026
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Property Details for 1408/408 Spencer St, West Melbourne

1408/408 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 July 2024.

Building Type
Unit
Land Size
981m2
Local Government
Melbourne
Lot/Plan
1408/PS825474

Last Listing description (March 2025)

Experience the perfect blend of modern living and city convenience at Parkhill - West Melbourne?s newest and most exciting arrival!

Situated just a five-minute walk from the vibrant CBD, Parkhill offers unparalleled access to Melbourne?s premier shopping, entertainment, transport, education, and business hubs.
Indulge in retail therapy at iconic shopping destinations like Emporium and Melbourne Central, select fresh produce at the renowned Queen Vic Market, or immerse yourself in Melbourne?s world-class arts and entertainment scene.

This stunning 1-bedroom unfurnished apartment is designed with both comfort and style in mind, featuring:

- Modern Inline Kitchen: Equipped with ample bench and storage space, and Miele stainless steel appliances including a gas cooktop, microwave, and dishwasher.
- Bright Interiors: Floor-to-ceiling windows ensure a light and airy ambiance.
-Generous sized bedroom with built-in robes.
-Roomy Designs: Enjoy the sense of space with up to 2.7m high ceilings.
-Double-Glazed Windows: Featuring motorized blinds for added convenience.
-European Laundry: Includes both washer and dryer.
-Concealed Ducted Air-Conditioning & Heating: Keep comfortable year-round in the lounge area.

The complex offers:

Rooftop Gym & BBQ Courtyard: Enjoy panoramic views of the Melbourne skyline while working out or relaxing.
NBN Internet & Pay-Tv: Available (fees may apply).
Keyless Building Access & Video Intercom: Enhanced security and convenience.
7-Day Concierge Services & On-Site Security: Providing peace of mind and excellent service.

Please note that the building includes embedded gas and electricity connections through Origin Energy.

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Property History for 1408/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$569,000
17 Jul 2024
  • 10 Sep 2024
    Listed for Rent $570 / week
  • 17 Jul 2024
    Sold for $569,000
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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 8,469 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.

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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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