405-407 Spencer StreetWest Melbourne VIC 3003
Property Details for 405-407 Spencer St, West Melbourne
Last Listing description (November 2023)
Jones Real Estate and Cushman & Wakefield are pleased to offer for sale an exquisitely designed permit approved landholding known as 'Dalston House' at 405-421 Spencer Street corner Batman Street, West Melbourne.
For Sale via International Expressions of Interest closing Wednesday 6th September 2023 at 12pm (AEST).
Key details of the opportunity include:
- A high-profile corner site of 1,683sqm* less than 300* metres from the Melbourne CBD.
- Permit approved for a single tower mixed-use project comprising GFA of 19,615sqm*.
- Combined street frontage of over 133* metres to Spencer, Batman and Middleton Place.
- Unrepeatable planning outcome which caters for traditional apartments, build-to-rent, co-living, student accommodation, retirement living and/or medical uses^.
- Highly desirable position which is set to benefit from major urban regeneration under the new West Melbourne and Arden Structure Plan providing a thriving new neighbourhood.
- Located on the cusp of the CBD, offering direct access to Melbourne's Health, Biomedical & Education Precincts.
- A rare opportunity to secure a permit approved site of significant scale within Melbourne's booming CBD and fringe market.
*Approx.
^Subject to council approval
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 405-407 Spencer St, West Melbourne, VIC 3003
- 02 May 2025Sold for $26,112,427
- 11 Aug 2023Listed for Sale Under Offer
- 12 Oct 2022Listed for Sale Please contact agent
Recent sales nearby
See more recent sales nearby/assets/perm/guu7yrnugyi6ziam3ehp5ej6ty?signature=21f9ff78b0d795ab2c93978ddc59ac10453f663d81db6dc4687bbaa86e74ed84){kind=logo}
0/assets/perm/fp75bcierai6vaq4o4isdjka6e?signature=066c5db0e8fb6d4fd42aade115bee388e04bf98791355e44c176695581ea56fb){kind=logo}
0/assets/perm/j2rch5imdai6zkubt7k7rzhtjq?signature=3f39ebc6b9245dbdd4a873c8e6675fe5b4b609ede28136896ee20a3d21eb1182){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 8,465 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.
Suburb Insights for West Melbourne 3003
Market Insights
West Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
West Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© 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.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
