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506/408 Spencer Street, West Melbourne$530,000
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506/408 Spencer Street

West Melbourne, VIC 3003, Australia
$530,000
2 bed 2 bath72 m²

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About this property

Expression of Interest (unless sold prior) due 9th April 2026 at 5:30pm A stunning showpiece of Parkhill prestige, this designer 2 bedroom, 2 bathroom apartment is inspired, inviting and irresistible all at once. Set to impress on the very edge of the city, take a short stroll to Flagstaff Gardens greenery, Queen Victoria Market, Errol Street cafes, Aldi shopping, universities, zoned University High School, Marvel Stadium, transport choice, and both the CBD and Docklands precinct. This inner-city haven will make an instant connection with professionals, first home owners, and investors. Spreading out on the 5th floor, far-reaching open-plan living and dining is filled with natural light courtesy of floor-to-ceiling glass lining the perimeter. A stone-finished kitchen showcases soft-closing cabinetry, a Fisher and Paykel dish-drawer, and top-of-the-range Miele appliances including a microwave and a 4-burner gas cooktop. Always free-flowing, step outside and entertain alfresco on an oversized balcony under shelter and shade highlighted by open views of the surrounding skyline. The naturally lit bedrooms are generous in size, serviced by mirrored built-in robes and a perfect pair of sleek bathrooms boasting fully tiled shower areas, mirrored cabinetry and concealed cisterns. Comprehensive features include a Euro-style laundry with a washing machine and dryer, ducted heating and cooling, double glazing, recessed LED down-lighting, and motorised blinds with doubles in the bedrooms. Take advantage of prestigious Parkhill facilities including intercom security, a welcoming concierge, and resort-grade use of a rooftop gym and BBQ terrace with breathtaking city views. Inspect today! Outgoings: Council Rates: $393.00 per quarter approx. Water Rates: $184.25 per quarter approx. Owners Corporation Fees: $1,418.91 per quarter approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Land Area
72 m²
Listed
3 months ago

Repayment calculator

$2,569/month
$1,285 /fortnight
Loan $424,000 at 6.10% over 30 years

Upfront costs

Deposit$106,000
Stamp duty$26,870
Conveyancing (est.)$2,000
Total upfront$134,870
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in West Melbourne

This 2-bedroom apartment in West Melbourne, VIC 3003 sits within reach of public transport, local shops and nearby schools. It is listed 3% below the $545,000 median of 71 comparable apartmentswithin 5 km.

Schools near West Melbourne

  • Haileybury College - City Boyscombined
  • Haileybury College - City Girlscombined
  • Simonds Catholic Collegesecondary · 7-12 · Boys

What's nearby

  • Dudley Street/Spencer Street (bus)46 m away
  • Harley Davison104 m away
  • Wominjeka Park180 m away
  • Flagstaff Gardens342 m away
  • Angliss Rain Garden363 m away

West Melbourne at a glance

Full suburb profile
Population
8,025
Median age
31
Household income
$1,788/wk
Median rent
$388/wk
Median mortgage
$2,106/mo

Source: ABS Census.

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Suburb market

Suburb price trend

West Melbourne price trend

Median sold · Unit 2 bed

Compound growth -3.4% / yr over 4 yrs

$575kcurrent median

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