3811/220 Spencer Street, Melbourne VIC 3000

3811/220 Spencer Street, Melbourne VIC 3000
Level 38 wraparound views | Upper West Side prestige | 66mยฒ two-bedroom | 90-degree stadium outlook This unit occupies a rare high-floor corner position within a recognised Melbourne skyline complex, offering uninterrupted dual-aspect views that most apartments at this price point cannot match. The 66mยฒ floorplan is efficient for two bedrooms and two bathrooms, and the secure car space adds practical appeal for owner-occupiers or tenants in the Docklands employment corridor. The property suits professionals or investors seeking a well-located, amenity-rich base with strong visual differentiation in a competitive market. The primary risk is the building’s age and strata obligations within a large complex, which may affect future levy costs and capital growth relative to newer stock. The 2010 last sale date suggests limited recent turnover, making accurate valuation dependent on comparable sales in the same building. Buyers should verify strata reports and rental demand for similar level 38 units. This property is best held as a long-term city base or leased to high-income tenants, with its view providing a durable edge over generic apartments.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3811/220 Spencer Street, Melbourne VIC 3000
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Market Insight:

Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

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