205/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

205/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 981m2
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Property Details for 205/408 Spencer St, West Melbourne

205/408 Spencer St, West Melbourne is a 2 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 June 2022.

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

Last Listing description (July 2025)

UNFURNISHED - Experience the perfect blend of modern living and city convenience at Parkhill.

Situated just a five-minute walk from the vibrant CBD, this 2-bedroom 1-bath apartment offers unparalleled access to Melbournes 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 Melbournes world-class arts and entertainment scene.

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 Bedrooms: Two spacious bedrooms with mirrored 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.

Disclaimer:

*Views shown are indicative only and may be from a higher or lower level. Furniture is for display purposes only and might not be included. Any dimensions shown are approximate. Any areas shown indicate total approximate titled area.

*Please note this building has an embedded network for one or more utility supplies. For further information please speak to your Property Consultant.

Property History for 205/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$590,000
22 Jun 2022
  • 07 Jul 2025
    Listed for Rent $710 / week
  • 22 Jun 2022
    Sold for $590,000
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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 23 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.

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.