1901/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

1901/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 981m2
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Last updated 16 Mar 2026
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Property Details for 1901/408 Spencer St, West Melbourne

1901/408 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 February 2021.

Building Type
Unit
Land Size
981m2
Local Government
Melbourne
Lot/Plan
1901/PS825474

Last Listing description (August 2025)

Spread out in sunlit style on the penthouse level of the recently completed Parkhill complex, this sleek 1 bedroom apartment is a stunning showcase of flawless designer finishes. From your doorstep, this is the best of city-edge living. Take a short walk to CBD attractions, Flagstaff Gardens greenery, fresh Queen Victoria Market produce, Melbourne University, Marvel Stadium and a choice of public transport heading in all directions.

Entry is high, wide and inviting with a stone-topped kitchen featuring a high-end Fisher and Paykel dish-drawer, a Samsung fridge/freezer and a stunning selection of Miele appliances including am oven, microwave and 4-burner gas cooktop. Framed by floor-to-ceiling glass, spacious and light-filled open-plan living and dining connects with an east-facing balcony capturing the warmth of morning sun and picturesque views over Flagstaff Gardens and the striking city skyline. Generously scaled, air conditioned and filled with natural light, the mirror-robed bedroom is sensationally serviced by a luxe bathroom boasting a fully tiled and oversized shower area, mirrored cabinetry and a concealed cistern.

Special features include a Euro-style laundry with a Miele washing machine and dryer, storage solutions, ducted heating and cooling throughout, double glazing, recessed LED down-lighting, and motorised blinds with doubles in the bedroom. Near-new Parkhill is graced with a 7-day concierge service, video intercom security, handy parcel lockers, and exclusive access to a rooftop gym and BBQ terrace with commanding views over magnificent Melbourne. This one will impress!

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 1901/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$566,000
21 Feb 2021
Listed for Rent
$545/w
28 Nov 2023
  • 06 Jun 2025
    Listed for Rent $580 / week
  • 07 Oct 2024
    Listed for Sale $530,000 - $580,000
  • 08 May 2024
    Listed for Rent $560 / 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 8,464 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.67% decrease in median value, while Units have seen a -2.66% decrease. As at 28 February 2026:

  • The median value for Houses in West Melbourne is $1,329,375 while the median value for Units is $513,214.
  • Houses have a median rent of $640 while Units have a median rent of $620.
There are currently 31 properties listed for sale, and 14 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 397 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.