402/408 Spencer Street, West Melbourne, VIC 3003 sold on 10 March 2026 | OnTheHouse
 
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Sold on 10 Mar 2026 for $780,000

402/408 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 402/408 Spencer St, West Melbourne

402/408 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom Apartment sold in West Melbourne in the last 12 months.

Building Type
Apartment

Last Listing description (March 2026)

Ideally established on the fourth floor of 'Parkhill' – a contemporary complex on the edge of Melbourne's bustling CBD, this sophisticated apartment boasts an extremely rare design.

Embraced by a massive balconied terrace with large under-cover and open areas, imagine relaxing with friends and family here while soaking up sunshine during the day or twinkling views of the surrounding towers in the evening.

Floor-to-ceiling double glazing elevates the luminous ambience of the interiors, including the large open-plan living/dining room, featuring a premium stone kitchen with Miele appliances.

Wonderfully comfortable with two bedrooms and two bathrooms, the main bedroom enjoys a sparkling ensuite and a door out to the terrace.

For even better views, head up to the rooftop gym and BBQ alfresco terrace, looking out to the beautiful Flagstaff Gardens and the heart of the city.

Metres from Flagstaff train station, Southern Cross station, Queen Victoria Market, Marvel Stadium and Docklands, live just moments from Melbourne's world-class medical precinct, RMIT University and Melbourne University.

- Large two bedroom, two bathroom design
- Enormous entertainer's terrace
- Lush planter boxes on the terrace
- Bright open-plan living/dining room
- Heating and air-conditioning
- Euro laundry
- Basement car space
- Storage cage
- Residents' gym and BBQ terrace with views

Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.

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Property History for 402/408 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$780,000
10 Mar 2026
Listed for Rent
$825/w
06 Nov 2023
  • 10 Mar 2026
    Sold for $780,000
  • 16 Dec 2025
    Listed for Sale $798,000 - $868,000
  • 06 Oct 2023
    Listed for Rent $825 / 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 8,462 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.67% decrease in median value, while Units have seen a -2.66% decrease. As at 28 February 2026:

  • The median value for Houses in West Melbourne is $1,329,375 while the median value for Units is $513,214.
  • Houses have a median rent of $640 while Units have a median rent of $620.
There are currently 28 properties listed for sale, and 19 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 399 properties were sold in the past 12 months in West melbourne.

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Joo Ming Lim
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Dorothy Lim
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