704/429 Spencer StreetWest Melbourne VIC 3003
Property Details for 704/429 Spencer St, West Melbourne
704/429 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a land size of 501m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 1 bedroom Unit sold in West Melbourne in the last 12 months.
Last Listing description (March 2020)
What makes this the perfect investment property?
Potential Rent: $26,000 approx per year (current vacant)
What this property has to offer:
1Bed + 1Study
Stainless Steel Appliances
Gas Cooktop
Split System A/C
Gorgeous Easterly View
The location is within walking distance to:
Southern Cross Train Station
Queen Victoria Market
Docklands Harbour Town
Flagstaff Garden
Terms: 10% deposit, balance 30/60/90 days
PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice.
Property History for 704/429 Spencer St, West Melbourne, VIC 3003
- 10 Mar 2025Sold for $283,500
- 17 May 2018Listed for Sale $355,000
- 25 Jul 2017Listed for Rent $500 / 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 8,471 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.
Suburb Insights for West Melbourne 3003
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