GROUND FLOOR/511 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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GROUND FLOOR/511 Spencer Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 150m2
Land area: 120m2
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Property Details for Ground Floor/511 Spencer St, West Melbourne

Building Type
Commercial
Floor Size
150m2
Land Size
120m2
Local Government
Melbourne
Lot/Plan
1/TP179625

Last Listing description (November 2022)

Located in the redeveloping West Melbourne precinct, this retail premises offers a versatile floorplan that is ideal for caf's restaurants, professional services and those looking to work from home.

Offering commercial and residential space, this period retail premises includes

Downstairs front home office or dining area, additional area, kitchen facilities and access to sunny courtyard or carparking.
Upstairs includes three rooms with heating and cooling, timber floors and bathroom facilities.

Amongst major residential redevelopments and minutes to North Melbourne Station and Flagstaff gardens.

The truly savvy take advantage of suburb upgrades in their infancy, so make sure you take advantage of this opportunity and reap the rewards of the future.

Area 118sq/m (approx)
Uses STCA
Flexible terms .

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Property History for Ground Floor/511 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$680,000
30 Oct 2006
Listed for Rent
$939/w
02 Nov 2022
  • 06 Dec 2021
    Listed for Rent - Price not available
  • 03 Oct 2014
    Listed for Rent $50,000 / year
  • 19 Jun 2014
    Listed for Rent - Price not available
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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, 373 properties were sold in the past 12 months in West melbourne.

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