409 Spencer StreetWest Melbourne VIC 3003
Property Details for 409 Spencer St, West Melbourne
Last Listing description (November 2020)
405 - 409 SPENCER STREET, WEST MELBOURNE
A high rise development opportunity (STCA) of 1,202sqm* in booming West Melbourne
Rectangular landholding on the corner of Spencer Street and Batman Street
Prominent position with 70.75m* of total street frontage
Strong short term holding income available to assist developers during the planning process
Opportunity to deliver an iconic corner development to redefine the West Melbourne residential market
Located within the most favourable height allowance precinct for new development in West Melbourne
FOR SALE VIA INTERNATIONAL EXPRESSION OF INTEREST CLOSING THURSDAY 27TH AUGUST 2015 AT 2PM
Julian White
+61 422 764 137
Mark Wizel
+61 409 809 868
Josh Rutman
+61 411 273 746
David Minty
+61 422 564 199
Property History for 409 Spencer St, West Melbourne, VIC 3003
- 29 Jul 2015Listed for Sale International Expression of Interest
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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 8,460 properties. Over the last 5 years, Houses in West Melbourne have seen a -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:
- The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
- Houses have a median rent of $755 while Units have a median rent of $620.
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