541/129-133 Roden Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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541/129-133 Roden Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 755m2
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Property Details for 541/129-133 Roden St, West Melbourne

Building Type
Commercial
Land Size
755m2
Local Government
Melbourne

Last Listing description (November 2023)

Fitzroys is delighted to offer two side by side properties at 541-547 Spencer Street & 129-133 Roden Street, West Melbourne for sale.

- Flexibility to buy one or both properties
- Potential to invest, occupy, repurpose or value add (STCA)

- Substantial combined landholding of 755sqm*
- Prominently positioned on the corner of Spencer and Roden Streets with a combined frontage of over 58 metres*
- 541-547 Spencer Street offered with a short term lease to established tenant Embassy Caf with opportunity to extend lease
- 129-133 Roden Street offered with vacant possession
- Both properties includes multiple on-site car parks
- Only 700 metres* from Melbourne's CBD
- Rapidly densifying location surrounded by new multi-level apartment buildings and opposite Aldi
- Moments from all that the CBD has to offer plus Flagstaff train station, extensive tram network, education and medical precincts
- Excellent connectivity to major linkages Spencer, Latrobe, King and Dudley Streets in addition to Dynon Road, City Link on/off ramp and Westgate tunnel project

*approx.

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Property History for 541/129-133 Roden St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
  • 04 Aug 2023
    Listed for Sale Contact Agent
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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 -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.
There are currently 38 properties listed for sale, and 12 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in West melbourne.

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© 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.

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