Back 402/220 Spencer St
Off Market

402/220 Spencer St

Melbourne VIC 3000

2
2
Apartment
Last sold for $565,000
Sharon PereraSharon Perera, last sold this property on 21 August 2025 after 22 days on market.

Overview

Sophisticated CBD Apartment with Strong Yield

Positioned in Melbourne’s lively CBD, this stylish apartment combines contemporary design, natural light, and an expansive undercover balcony with uninterrupted Spencer Street views – perfect for alfresco dining, entertaining guests, or simply soaking up the city energy in complete privacy. ⸻ Apartment Features • Expansive sunlit balcony with unobstructed city outlooks • Two spacious bedrooms with built-in robes • Master bedroom with private ensuite, plus a sleek second bathroom • Open-plan living/dining with floor-to-ceiling windows • Modern kitchen with stone benchtops, premium appliances, and ample storage • Split-system heating and cooling for year-round comfort • Secure building access with intercom and lift service ⸻ Resort-Style Resident Amenities • Indoor heated swimming pool & spa • Fully equipped gymnasium and sauna • Rooftop garden terrace with BBQ areas, outdoor lounges, bocce lawn, and climbing wall • Resident lounge, dining areas, study rooms, and function facilities • 24/7 security and onsite building management ⸻ Prime CBD Location • Southern Cross Station steps away – train, tram & SkyBus links • Spencer Outlet Centre, Bourke Street Mall, Queen Victoria Market within easy reach • Docklands waterfront, Crown Entertainment Complex, and Yarra River precinct nearby • Close to universities, employment hubs, and free tram zone ⸻ High Rental Yield Potential With Melbourne CBD rental demand at record highs and 2-bedroom apartments averaging 7–8% yields, this property presents exceptional investment potential and long-term growth prospects. ⸻ Contact us today to arrange a private inspection and secure this light-filled CBD retreat with an expansive balcony views.

Features

2 bedrooms
2 bathrooms
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 402/220 Spencer St is $545.17k.

Median value
$545.17k
Estimated value range
$230k - $2.95m
Median days on market
48
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 402/220 Spencer St

2025
Sold
$565,000
21 Aug 2025 by Sharon Perera, of VICPROP BRUNSWICK

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 134 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 815 two-bedroom apartments similar to 402/220 Spencer St, have been sold.

This represents a 9% increase in two-bedroom apartments sales when compared to the previous 12 months.

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