1902/408 Spencer StreetWest Melbourne VIC 3003
Property Details for 1902/408 Spencer St, West Melbourne
1902/408 Spencer St, West Melbourne is a 2 bedroom, 2 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 October 2020.
Last Listing description (June 2026)
Perched on the penthouse level of the award-winning Parkhill development, this refined 2-bedroom, 2-bathroom apartment blends contemporary style, energy efficiency, and a prime city-fringe location just minutes from Melbournes CBD.
Designed for professionals, downsizers, or investors, the home features quality finishes throughout. Light-filled interiors are enhanced by 2.7m ceilings, double glazing, and a private balcony. Both bedrooms are generously sized, with the master offering a sleek ensuite, while bathrooms showcase semi-frameless showers, mirrored cabinetry, stone shelving, and LED accents.
The open-plan living and dining area connects seamlessly to a designer kitchen fitted with Miele appliances, a Fisher & Paykel DishDrawer, German Hansa tapware, stone benchtops, and smart storage. A European laundry includes a Miele washer and ducted condenser dryer. Additional features include air conditioning, motorised blinds, and energy-efficient glazing.
Residents enjoy premium amenities such as secure keyless entry, concierge service, rooftop gym with city views, parcel lockers, high-speed lifts, video intercom, and bike storage.
Ideally located close to Queen Victoria Market, Flagstaff Gardens, Marvel Stadium, Emporium Melbourne, Melbourne Central, and Southern Cross Station, ensuring effortless access to shopping, dining, and transport.
Outgoings (approx.):
Owners Corporation: $1,419.91 p/q
Council Rates: $332.57 p/q
Water Rates: $185.76 p/q
Estimated Rental Return:
Unfurnished: $750$780 per week
Furnished: $850$880 per week
Experience award-winning design and inner-city convenience at Parkhill.
Property History for 1902/408 Spencer St, West Melbourne, VIC 3003
- 13 Nov 2025Listed for Sale $675,000 - $739,000
- 05 Oct 2020Sold for $777,000
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About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the 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 8,465 properties. Over the last 5 years, Houses in West Melbourne have seen a -19.99% decrease in median value, while Units have seen a -5.28% decrease. As at 31 May 2026:
- The median value for Houses in West Melbourne is $1,205,159 while the median value for Units is $516,071.
- Houses have a median rent of $730 while Units have a median rent of $630.
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