607/392 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

607/392 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 838m2
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Property Details for 607/392 Spencer St, West Melbourne

607/392 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2018. The property has a land size of 838m2. While the property is not currently for sale or for rent, it was last sold in January 2018.

Building Type
Unit
Year Built
2018
Land Size
838m2
Local Government
Melbourne
Lot/Plan
607/PS746007

Last Listing description (July 2023)

**CONTACT US TO BOOK IN INSPECTION**

Popular for its wide streets and old world charm, West Melbourne enjoys quick and easy access to the CBD, Southern Cross Station, universities, Docklands and the famed Queen Victoria Market, with multiple public transport options ensuring getting around is as easy as pie!

Positioned on the 6th floor, this contemporary corner apartment enjoys plenty of natural light, stylish light timber floors, considered joinery and a flexible living space. Featuring an open plan kitchen with dramatic stone counters, state-of-the art stainless steel appliances and generous storage, air-conditioned dining/lounge, separate laundry, bathroom with premium vanity and large walk-in shower, and two spacious bedrooms each including built in robes.

Property History for 607/392 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$408,000
09 Jan 2018
Listed for Rent
$550/w
17 Jul 2023
  • 13 Jun 2023
    Listed for Rent $550 / week
  • 24 May 2021
    Listed for Rent $300 / week
  • 09 Jan 2018
    Sold for $408,000
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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 8,466 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, 381 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.