9/561 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

9/561 Spencer Street
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 155m2
Land area: 703m2
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Property Details for 9/561 Spencer St, West Melbourne

9/561 Spencer St, West Melbourne is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 703m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
1940
Floor Size
155m2
Land Size
703m2
Local Government
Melbourne
Lot/Plan
9/PS418547

Last Listing description (November 2023)

Circa 1930, "Cinnabar Square", with its distinctive bold red entry doors is the site of this splendid two storey, second floor, three bedroom apartment. Masterfully converted, this architect designed warehouse apartment is one of only twelve residences in a complex intentioned to safeguard long term appeal and relevance. Three double bedrooms, all with generous BIRs, the master with study alcove/sitting area, share a glorious bathroom with spa bath and frameless shower enclosed by a glass splashback. Ascending the pressed steel staircase, open plan living is executed to perfection and 270 degree views exploited. Framed by striking vaulted ceilings and hardwood floors, a smart kitchen featuring Smeg cooking appliances and Fisher & Paykel dual drawer dishwasher divides generous lounge and dining spaces. Indoor living extends outwards to a vast private entertaining terrace, an expansive city panorama assuring an exciting backdrop for alfresco dining. There's also a hide away study, full laundry, ducted reverse cycle air conditioning throughout, intercom, undercover parking and storage cage. Lifestyle advantages are confirmed with easy access to Errol Street eateries, the delights of nearby Victoria Market and Docklands, a stroll to Haileybury's city campus, zoning for University High School and the city at your fingertips. A city side pad to impress investors, executives and urbanites.

Alexkarbon Real Estate Pty Ltd
122 Errol Street
North Melbourne VIC 3051

Property History for 9/561 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,180,000
21 Mar 2020
  • 05 Sep 2023
    Listed for Sale Not Disclosed
  • 21 Mar 2020
    Sold for $1,180,000
  • 21 Feb 2020
    Listed for Sale $1,100,000 - $1,175,000
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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 8,470 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.68% decrease in median value, while Units have seen a -1.84% decrease. As at 31 December 2025:

  • The median value for Houses in West Melbourne is $1,342,812 while the median value for Units is $507,741.
  • Houses have a median rent of $630 while Units have a median rent of $610.
There are currently 36 properties listed for sale, and 25 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 376 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.