1502/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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1502/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 65m2
Land area: 981m2
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Last updated 12 Jan 2026
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Property Details for 1502/408 Spencer St, West Melbourne

1502/408 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2023. The property has a land size of 981m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
Unit
Year Built
2023
Floor Size
65m2
Land Size
981m2
Local Government
Melbourne
Lot/Plan
1502/PS825474

Last Listing description (August 2024)

This modern and stylishly furnished two-bedroom, two-bathroom apartment located at 1502/408 Spencer Street, West Melbourne, VIC 3003, offers a perfect blend of comfort and convenience. Situated in a prime location, this property provides easy access to a range of amenities and facilities, catering to your lifestyle needs.

Step inside to discover a spacious and well-designed living space, featuring contemporary decor and high-quality finishes throughout. The two bedrooms are generously sized, providing ample room for relaxation and rest. With two bathrooms ensuring convenience and privacy, this apartment is ideal for individuals or couples looking for a comfortable home in the heart of West Melbourne.

Experience modern living at its finest in this apartment, complete with a fully furnished interior that exudes sophistication and style. The open-plan layout creates a seamless flow between the living, dining, and kitchen areas, perfect for both relaxing nights in and entertaining guests. Don't miss out on the opportunity to make this exquisite property your new home sweet home.

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Property History for 1502/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$735,000
26 Feb 2020
  • 22 Jul 2024
    Listed for Rent $760 / week
  • 26 Feb 2020
    Sold for $735,000
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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 8,470 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, 376 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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