4. Property Auction Result

703 Spencer St, West Melbourne VIC 3003

703 Spencer St, West Melbourne VIC 3003

house 4

Sold $1,250,000 on 13 Mar 2021

Distance To CBD: 1.93 km

Measure Land Size

  • Agency: JMRE Real Estate

    Nearby Sold Price

    • Map And Street View
    Please note that location of this property on map is approximate and street view images may not show the exact property advertised.

    Stamp Duty Calculator

    Total

    $ 70,220

    Mortgage registration fee $108

    Transfer fee $1,362

    Stamp duty on property $68,750
    *based on property value $1,250,000 for investment

    Loan Repayment Calculator

    Monthly Repayment

    $ 5,368

    Total interest payable $932,558

    Loan Term 30 years

    Annual Interest Rate 5.00%
    *based on loan amount $1,000,000 for principal and interest
    Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser before taking out a loan.
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    Comparable Sold Properties

    Address Sold Price
    22 Abbotsford Street 4 $1,700,000
    23 Chetwynd Street 4 $1,510,000
    447 King Street 4 $2,550,000
    470 William Street 4 $2,610,000
    39 Hawke Street 4 $1,700,000
    6-8 Anderson Street 4 $1,488,000
    53 Hawke Street 4 $1,715,000
    94 Roden Street 4 $2,053,000

    Comparable Rent Properties

    Address Rent Price
    41 Hawke Street 4 $940 p/w
    1/173-181 Victoria Street 4 $1,000 p/w
    97 Stanley Street 4 $1,075 p/w
    581 King Street 4 $1,050 p/w
    53 Hawke Street 4 $950 p/w
    41 Hawke Street 4 $940 p/w
    555 King Street 4 $1,150 p/w
    185 Stanley Street 4 $1,200 p/w
    Auction History - West Melbourne, VIC 3003
    2024 April
    Address Price Result*
    411/35 Dryburgh St N/A PI 2
    92 Ireland St $1,231,000 S 3
    2024 March
    Address Price Result*
    502/112 Adderley St N/A W 3
    39 Hawke St N/A SP 4

    West Melbourne, VIC 3003
    (1.21 km to CBD)

    Median House Price

    $1,280,000

    Median Unit Price

    $552,250

    Surrounding Suburbs

    Nearby Train Stations

    0.19 km North Melbourne Station
    1.37 km Macaulay Station
    1.3 km Flagstaff Station

    Nearby Schools

    1.04 km North Melbourne Primary School
    1.5 km University High School
    1.73 km Holy Rosary School
    1.71 km Taylors Senior College
    2.24 km Debney Meadows Primary School
    2.09 km Kensington Primary School
    2.47 km Kensington Community High School