5101/138 Spencer Street
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About this property
Positioned high above Melbourne's CBD, this modern two-bedroom, two-bathroom apartment at 5101/138 Spencer Street presents an outstanding investment opportunity in a location underpinned by consistent rental demand. The apartment features a functional open-plan living and dining area, complemented by a contemporary kitchen with stone benchtops, quality appliances and ample storage-an ideal layout for tenants seeking low-maintenance inner-city living. Floor-to-ceiling glazing enhances natural light and city outlooks, adding to tenant appeal. Both bedrooms are generously sized and fitted with built-in robes, with the master enjoying a private ensuite. A central bathroom services the second bedroom, making the apartment well-suited to sharers, professionals or long-term tenants. Modern finishes, neutral tones and efficient use of space ensure broad market appeal. Additional features include split-system heating and cooling, secure building access and well-considered internal storage-key inclusions for strong leasing performance. Located moments from Southern Cross Station, free trams, Docklands and Melbourne's key employment, education and lifestyle hubs, the property benefits from excellent connectivity and walkability. This highly accessible CBD position continues to attract professionals, students and corporate tenants alike. Set within a well-established residential tower offering lifestyle amenities, the apartment delivers a compelling blend of location, functionality and long-term investment fundamentals. A high-demand CBD asset ideal for investors seeking reliable rental appeal in a blue-chip location. Private inspection requests are welcome but subject to availability. (PHOTO ID REQUIRED AT OPEN HOUSE) NOTE: Link for Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 2
- Land Area
- 63 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Melbourne
This 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools.
Schools near Melbourne
- Eltham College - Lonsdale Street Campuscombined
- Melbourne Grammar Schoolcombined · Prep-12 · CoEd
- Melbourne Grammar School - Wadhurst Campuscombined
- Victorian College For The Deafcombined · U · CoEd
- Wesley Collegecombined · Prep-12 · CoEd
- Holmes Grammar Schoolsecondary · 11-12
What's nearby
- Stop 3: Flagstaff Station (tram) — 692 m away
- Rapha — 865 m away
- Unnamed — 341 m away
- Unnamed — 395 m away
- Angliss Rain Garden — 449 m away
Melbourne at a glance
Full suburb profile- Population
- 54,941
- Median age
- 29
- Household income
- $1,448/wk
- Median rent
- $381/wk
- Median mortgage
- $1,800/mo
Source: ABS Census.
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Melbourne price trend
Median sold · Unit 2 bed
Compound growth -2.4% / yr over 4 yrs
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