About this property
Also written as Unit 1B, 561 Spencer Street.
West Melbourne VIC 3003, Australia
Also written as Unit 1B, 561 Spencer Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
It is a unit offering 2 bedrooms and 2 bathrooms, with a dedicated parking space. The unit sits on a generous 724 m² land parcel in West Melbourne
West Melbourne lies approximately 2 km north‑west of the Melbourne CBD, placing the unit only a short walk or bike ride from the city centre
North Melbourne railway station is located within the suburb, and several tram routes (30, 57, 58 and the City Circle) run along Victoria Street close by. Bus routes 220 and 401 also serve the area, providing easy connections to the city and surrounding suburbs
Festival Hall, a popular concert and sporting venue, is about 0.3 km away. Hostel options such as Bev and Micks International Backpackers are just 0.1 km from the property, and the Errol St/Victoria St tram stop is roughly 0.4 km distant
West Melbourne recorded a population of 8,025 in the 2021 census. Residents are culturally diverse, with significant communities from China, India, South Korea, Malaysia and New Zealand, and many speak languages such as Mandarin, Korean and Cantonese at home
A notable historic landmark in the area is the five‑storey red‑brick building constructed for Sands & McDougal at the corner of Spencer and Jeffcott Streets in 1885. This structure reflects the suburb’s rich architectural heritage
West Melbourne features several nearby parks, including Flagstaff Gardens, The Triangle Park and The Pocket Park, offering residents convenient opportunities for outdoor recreation and relaxation
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