507/377 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

507/377 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 22 Dec 2025
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Property Details for 507/377 Spencer St, West Melbourne

507/377 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017.

Building Type
Unit
Year Built
2017
Local Government
Melbourne

Last Listing description (January 2020)

With double-glazed, picture windows, this one-bedroom, designer apartment is beautifully hushed and filled with light, while the views across the city as day melds into twinkling lights of evening up will sweep your breath away.

Taking up residence in this handsomely styled apartment will unlock so many of the rewards of inner city living. Private facilities include:

Sundeck and elevated central garden
Barbeque zone
Sauna, spa and 25 metre indoor pool
Gymnasium with yoga space and dance barre
Cineplex and karaoke room
Visitor parking

Downstairs, take the free city circle tram to all the entertainment of the inner city, walk to Southern Cross Station or stroll over to waters edge at Docklands. Your car could well be spending most of its time in its allotted parking space, while the handy storage unit will help to streamline an active urban lifestyle.

With so many features at your fingertips, you might need a few more hours in the day to enjoy them all.

Property History for 507/377 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
$520/w
23 Jan 2020
  • 24 Dec 2019
    Listed for Rent $520 / 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 8,466 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, 379 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.