408/393 Spencer Street, West Melbourne VIC 3003
408/393 Spencer Street, West Melbourne VIC 3003
Set on an expansive 0 parcel in the peaceful enclave of West Melbourne, this impressive 1-bedroom, 1-bathroom unit offers an exceptional opportunity. Featuring a streamlined floorplan alongside secure parking for 1, this residence represents an ideal prospect for busy professionals, downsizers, or investors seeking a high-yield asset. It delivers a fantastic blend of lifestyle and convenience, situated just moments from local amenities and regional infrastructure.
Detailed Independent Property Report prepared by PropCred Analyst team for 408/393 Spencer Street, West Melbourne VIC 3003
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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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%.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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