514/420 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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514/420 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
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Last updated 29 Dec 2025
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Property Details for 514/420 Spencer St, West Melbourne

514/420 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a floor size of 48m2.

Building Type
Unit
Year Built
2017
Floor Size
48m2
Local Government
Melbourne

Last Listing description (July 2021)

Situated in the heartland with sophisticated living in the world's most livable city of Melbourne.
As one of Melbourne's premier examples of art deco architecture, Spencer Apartments are built upon the existing 1930s building in order to blend modern & heritage together to ground breaking effect. 420 Spencer is your unique opportunity to be a part of Melbourne's history by living in a beacon of its future.

Location Details:

- 3 minutes to Melbourne CBD
- 2 minutes to Melbourne Central and Flagstaff stations
- 2 minutes to Tram Routes 24, 30, 35, 75, 86 & 95
- 100 metres to Flagstaff Gardens
- 300 metres to Queen Victoria Market
- 3 minutes to RMIT University

Apartment Details:
- Master bedroom with built in robes
- Luxurious bathroom
- Ample storage including cage
- One car space
- Modern finishes throughout

This inner city, quality apartment with panoramic views is not to be missed.

For further enquirers, please contact our office on 03 9113 8777, or via email at leasing1@parktrentvic.com.au

PLEASE NOTE: Open for Inspection Times and Property Availability is subject to change or cancellation without notice, please check the internet prior to inspection.

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Property History for 514/420 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Listed for Rent
$350/w
28 Jun 2021
  • 09 Dec 2020
    Listed for Rent $350 / week
  • 16 Dec 2019
    Listed for Rent $465 / 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 8,467 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 32 properties listed for sale, and 14 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 372 properties were sold in the past 12 months in West melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

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