5/320 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

5/320 Spencer Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 363m2
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Property Details for 5/320 Spencer St, West Melbourne

5/320 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 363m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in June 2005.

Building Type
Unit
Year Built
2000
Floor Size
72m2
Land Size
363m2
Local Government
Melbourne
Lot/Plan
5/PS438640

Last Listing description (March 2025)

Stunning two-bedroom loft apartment on the fringe of Melbourne CBD.

Master bedroom with wall of built-in robes

Generous second bedroom with additional storage
Enjoy year-round comfort with split system air conditioners in both bedrooms
Spacious open plan living with electric heating, ceiling fan and stylish brick feature
wall
Modern kitchen with eye-catching red cabinetry, stainless steel appliances,
including gas stove top and dishwasher
Sleek bathroom with floor-to-ceiling tiles, separate bath, and frameless walk-in
shower with oversized shower head
Secure entrance with intercom

Ideally located within walking distance of Southern Cross and Flagstaff Train Stations, various tram routes (including the free City Circle trams), Queen Victoria Market, the beautiful Flagstaff Gardens, not to mention the countless dining and shopping options Melbourne CBD has on offer.

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Property History for 5/320 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$280,000
29 Jun 2005
Listed for Rent
$600/w
25 Jun 2024
  • 08 May 2024
    Listed for Rent $600 / week
  • 13 Jan 2023
    Listed for Rent $525 / week
  • 06 Dec 2018
    Listed for Rent - Price not available
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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 8,466 properties. Over the last 5 years, Houses in West Melbourne have seen a -3.06% decrease in median value, while Units have seen a 0.58% increase. As at 30 November 2025:

  • The median value for Houses in West Melbourne is $1,279,634 while the median value for Units is $516,591.
  • Houses have a median rent of $625 while Units have a median rent of $600.
There are currently 33 properties listed for sale, and 14 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 381 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.