591 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

591 Spencer Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: 2
Car spaces: 1
Floor area: 119m2
Land area: 119m2
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Property Details for 591 Spencer St, West Melbourne

Building Type
Commercial
Floor Size
119m2
Land Size
119m2
Local Government
Melbourne
Lot/Plan
1/TP615471

Last Listing description (May 2016)

Excellent office space. Large open plan downstairs with mezzanine area. Double Glazed window to the front , secure fully enclosed front porch entry, kitchenette , shower facilities, and secure off street rear car park. The property features ducted heating and cooling , well maintained interior, . Walk to north Melbourne Train station and Errol Street, great location. Large cellar for storage. Available to inspect anytime by appointment call Adam on 0416102725

Property History for 591 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$100,000
02 May 1988
Listed for Rent
$422/w
13 Jan 2016
  • 29 Dec 2015
    Listed for Rent - Price not available
  • 05 Sep 2014
    Listed for Rent - Price not available
  • 02 May 1988
    Sold for $100,000
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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 13 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 377 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.