3/499 Spencer Street, West Melbourne VIC 3003
3/499 Spencer Street, West Melbourne VIC 3003
Set on an expansive 219m² parcel in the peaceful enclave of West Melbourne, this impressive 2-bedroom, 1-bathroom unit offers an exceptional opportunity. Boasting generous proportions and a 1-car garage, it is tailor-made for busy professionals, downsizers, or investors seeking a high-yield asset. Positioned for ultimate convenience, it ensures an effortless lifestyle surrounded by thriving neighborhood infrastructure.
Market Insight:
West Melbourne is highly regarded for its proximity to elite private school catchments, making it an attractive prospect in the current market. Demand in this postcode is heavily fueled by High-net-worth expats, who are particularly motivated by unrivalled urban convenience. Moving forward, apartment yields are tightening as vacancy rates sit around 1.1%.