508/423-435 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

508/423-435 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 48m2
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Last updated 19 Jan 2026
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Property Details for 508/423-435 Spencer St, West Melbourne

508/423-435 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2016. The property has a floor size of 48m2.

Building Type
Unit
Year Built
2016
Floor Size
48m2
Local Government
Melbourne

Last Listing description (September 2025)

Situated in the heart of the city is this spacious and light-filled two-level apartment. Boasting an open-plan layout with modern finishes and fixtures throughout and an enviable central location, this property is sure to capture the attention of a wide range of property buyers.

As you step inside you'll first come to the good-sized bedroom that features a built-in robe and plush carpet underfoot. Also on this level is the well-appointed modern bathroom with floor-to-ceiling tiles.

A spiral staircase leads you upstairs to where you'll find the open-plan kitchen and living area that feature stunning wide-plank flooring underfoot and air-conditioning for year-round comfort. This space is filled with an abundance of natural light thanks to the wall of floor-to-ceiling sliding glass doors that frame the city views perfectly.

These sliding doors lead outside to the private enclosed balcony which will be a wonderful spot to sip on your morning coffee as you enjoy the spectacular views and fresh air.

The kitchen is well-equipped with a four-burner gas cooktop, a dishwasher, a wall oven and plenty of storage. Here you'll also find an in-unit washing machine, offering huge convenience for city living. Completing this top level layout is a powder room.

A short walk from the property will have you at a great selection of popular restaurants, bars, cafes and takeaway options. Shops, supermarkets and amenities are also within walking distance, as are a selection of transport links, the picturesque Flagstaff Gardens and the Queen Victoria Market.

Call to arrange your inspection today!

Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 508/423-435 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
$350/w
20 Jul 2020
  • 19 Jun 2023
    Listed for Sale $300,000
  • 12 May 2023
    Listed for Sale $300,000
  • 10 Jun 2020
    Listed for Rent $350 / 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 8,468 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.
There are currently 36 properties listed for sale, and 22 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 375 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.