3/593-597 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

3/593-597 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 83m2
Land area: 357m2
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Property Details for 3/593-597 Spencer St, West Melbourne

3/593-597 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 357m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
2005
Floor Size
83m2
Land Size
357m2
Local Government
Melbourne
Lot/Plan
3/PS449828

Last Listing description (June 2022)

In a secure contemporary complex and one of only four, this upstairs apartment presents a brilliant lifestyle or investment opportunity thanks to its impressively spacious floorplan, quality features and prime location on the very edge of Melbourne's CBD. Filled with natural light, the home's impeccable interior comprises two generous bedrooms (large master) both with built-in robes, as well as a stylish central bathroom complete with double vanity and shower/tub combo. Wonderfully wide, the versatile open-plan living/dining area is further enhanced by a granite-bench kitchen with tiled splashbacks, Smeg cooking appliances and Bosch dishwasher. An abundance of natural light throughout, the apartment also includes a full-width undercover terrace to relax while enjoying the city skyline views, split-system heating/cooling (living area and both bedrooms) and full-size laundry, plus a secure foyer with intercom, two lower-level tandem parking spaces and storage cage. A short stroll to North Melbourne Station, Victoria Street trams and Errol Street's renowned cafes and shops, it's also close to Queen Victoria Market, Docklands precinct, Flagstaff Gardens and the city itself. Nelson Alexander Pty Ltd.

Property History for 3/593-597 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$699,000
28 May 2022
  • 28 May 2022
    Sold for $699,000
  • 04 May 2022
    Listed for Sale Auction $670,000 - $690,000
  • 26 Aug 2010
    Transferred
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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 8,468 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 22 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.