307/408 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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307/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 981m2
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Last updated 12 Jan 2026
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Property Details for 307/408 Spencer St, West Melbourne

307/408 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 2022.

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

Last Listing description (August 2025)

Stylish 1 Bedroom at the Parkhill

Located just five minutes walk from the hustle & bustle of the CBD, Parkhill provides fantastic access to Melbournes shopping, entertainment, transport, education, and business precincts. Enjoy some retail therapy at iconic shopping precincts like Emporium and Melbourne Central; select fresh produce at nearby Queen Vic Market or explore Melbournes world-class arts and entertainment scene.

Apartment features:
Designed for comfort and style, this one-bedroom apartment offers an impressive open plan living and dining
Framed by floor-to-ceiling glass
West-facing balcony capturing the warmth of the afternoon sun and picturesque views
Modern inline kitchen
Miele stainless steel appliances including gas cooktop, microwave, dishwasher, washing machine & dryer included
Euro-style laundry with a Miele washing machine and dryer
Storage solutions,
Ducted heating and cooling throughout

Building Features
7-day concierge service, video intercom security,
Handy parcel lockers
Exclusive access to a rooftop gym
BBQ terrace with commanding views over magnificent Melbourne.

This one will impress!

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

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Property History for 307/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$499,000
14 Feb 2022
  • 14 Aug 2025
    Listed for Rent $570 / week
  • 16 Dec 2024
    Listed for Rent $500 / week
  • 14 Feb 2022
    Sold for $499,000
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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 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.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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