2B/499 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

2B/499 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 12 Jan 2026
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Property Details for 2b/499 Spencer St, West Melbourne

2b/499 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Melbourne

Last Listing description (May 2020)

Enjoy the sights and delights of Melbourne in your own split level apartment.

Comprising of two bedrooms with robes, a classically white and bright bathroom with large shower, a sleek and modern kitchen with lots of storage featuring stainless steel gas stove and electric oven, spacious open plan lounge and dining area, powder room and terrace style balcony complete with one off street parking space.
With additional highlights including

split system heating and cooling to bedrooms and lounge, furnishings as shown in photos including a flat screen TV, x2 leather lounges, dining table/chairs, refrigerator, microwave, washer/dryer and two double beds. Ideally located close to Errol Street, Queen Victoria Markets, cafes and shops, access to public transport at your doorstep.

*** COVID-19 Announcement ***
Our office is committed to ensuring the safety of our staff and the general public, and in line with current government guidelines, we are conducting open for inspections with strict guidelines in place. In order to attend an open you must register with the property manager, if you have not registered and you attend you will be turned away.
If you have registered for the open, you will be subject to strict criteria and guidelines upon attendance, including but not limited to:

- Displaying no symptoms of any kind (if you are experiencing any flu/cold like symptoms DO NOT ATTEND)
- Providing photo-ID upon entry
- Hand sanitation upon entry
- Not touching any surface or hands being placed in pockets at all times
- Adhere to social distancing rules at all times within and out of the property including our staff

- No children in attendance at viewings

- Lift usage restrictions
FAILURE TO COMPLY WITH ANY VERBAL INSTRUCTION BY A STAFF MEMBER WILL RESULT IN TERMINATION OF ANY PRIVATE VIEWING.

Property History for 2b/499 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
21 May 2020
  • 17 Apr 2020
    Listed for Rent $400 / 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 8,470 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.

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.