704/408 Spencer StreetWest Melbourne VIC 3003
Property Details for 704/408 Spencer St, West Melbourne
704/408 Spencer St, West Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2023. The property has a land size of 13006m2 and floor size of 63m2.This Property is currently listed for sale with Whiting & Co
Last Listing description (April 2026)
Welcome to Parkhill, a contemporary, award-winning residential development and recipient of the 2024 HIA-VIC Apartment Complex Award (Over $20 Million). This beautifully presented, move-in-ready residence showcases elevated design, generous proportions, and abundant natural light, offering an exceptional inner-city lifestyle.
The apartment features bright and airy interiors enhanced by 2.7-metre high ceilings, expansive feature windows, and electric blinds installed as an upgraded package, allowing effortless light and privacy control. A spacious tiled balcony extends the living space outdoors, ideal for morning coffee or relaxed evening entertaining. The modern gourmet kitchen is equipped with stone benchtops and premium Miele appliances, while the generous master bedroom includes mirrored built-in robes. A fully tiled bathroom with premium German tapware, along with a European laundry complete with washer and dryer, adds everyday convenience. Concealed heating and air-conditioning ensure year-round comfort.
Residents of Parkhill enjoy access to an exclusive suite of lifestyle amenities, including a rooftop garden terrace with BBQ and dining zones, a modern fitness centre with open-air exercise areas, and an elegant residents lounge. A stylish foyer with seven-day concierge service further elevates the living experience.
Ideally positioned in the heart of West Melbourne, Parkhill is just five minutes from the CBD. Flagstaff Gardens, Queen Victoria Market, and Southern Cross Station are all within easy walking distance, while Melbourne University, RMIT, and University High are close by. Excellent tram, bus, and road connections make commuting effortless.
All furniture is available to be purchased with the property, offering a turnkey opportunity. Every piece is new and still within warranty, making this an ideal option for owner-occupiers or investors seeking immediate rental readiness.
Outgoings:
Owners Corporation Fees: $1,409 per quarter approx.
Council Rates: $296.60 per quarter approx.
Water: $184.26 per quarter approx.
Potential rental income: $700 - $715 per week approx.
Perfectly suited to first-home buyers, professionals, and investors, this apartment presents a premium, low-maintenance city base with superior finishes and an unbeatable lifestyle location.
Property History for 704/408 Spencer St, West Melbourne, VIC 3003
- 05 Mar 2026Listed for Rent $790 / week
- 09 Nov 2025Listed for Sale $700,000
- 26 Aug 2024Listed for Rent $680 / week
Recent sales nearby
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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 8,464 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.
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