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This property has been sold for $505,000 on 3 June 2026

27 days on market

Market context at sale

Suburb cycle phase
Balanced
RBA cash rate
4.10%
Suburb median (June 2026)
$413,250(+22%)

3605/138 Spencer Street, Melbourne, VIC, 3000

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Asking Price

$520,000 - $540,000

1 Beds1 Baths
Land: 47 m2
Floor: 51 m2

Property overview

This 1-bedroom apartment at 3605/138 Spencer Street in Melbourne, VIC 3000 sold for $505K in June 2026, with 1 bathroom. It offers 51 m2 of internal living space. Council data records heritage overlay on the site. There are 121 schools within roughly 5km, and the area scores 96 for walkability and 100 for transit out of 100.

For sale now

Recently sold nearby

Signal summary

A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.

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Based on $540,000 asking signal.

Signals use available listing and suburb data. They are not personal financial advice.

  • Planning overlay risk

Listed

Updated

Days on market

27

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Est. Valuation

$467,000

Potential Sell Price

Est. Rent/wk

$655

Potential Gross Yield

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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.

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Planning Overlays

Overlays Detected

Subdivision & Development Potential

CCZ1Capital City Zone 1

Indicative assessment only. Consult your local council planning department for definitive subdivision information.

Total Cost to Purchase

Purchase Price
$540,000
Stamp Duty (Victoria)
$27,470
Transfer/Registration Fee
$1,500
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Total Cash Required
$571,670

Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.

Listing Details

Density
High Density
Listed
Last Updated
Postcode
3000

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