1711/200 Spencer Street, Melbourne VIC 3000

1 beds 1 baths 1 cars

Spachus Insights

View Melbourne market
Price position Below suburb median

31.0% below the current suburb median listing price.

Buyer negotiation signal Buyer negotiation

The suburb median sold price is $30,000 below the median listing price.

Selling pace Slower than typical

41 days typical · Property listed 102 days (149% longer).

Property details

Great Location and Potential to Update

Offering excellent value with potential to update and refurbish to your requirements, plus some TLC, this open plan one bedroom apartment, has the added feature of a secure under cover car parking space, offers an affordable entry into city living. Ideal for first home buyers, a great city retreat, or investors seeking a long or short stay investment opportunity. Featuring views to the west from the 17th level of the renowned Neo 200 residential complex, and perfectly positioned, with trams, Southern Cross Station, Skybus, Spencer Street Outlet Centre, Supermarket, a vast array of cafes and Marvel Stadium virtually at your doorstep. An ideal first home buyer opportunity or an investment with short term stay potential, in a premium totally convenient location. The easy living open plan design includes living-dining with split system heating & cooling, direct access to your private balcony, a well appointed kitchen area with stone bench tops, gas cooking, dishwasher and ample cupboard space. The bedroom includes mirrored built in robes, and the central bathroom includes the Euro Style laundry facilities. Additional features include secure intercom entry, lift access, concierge service, resident access to pool, sauna, gym and barbeque terrace.
1Bedrooms 1Bathrooms 1Car spaces ApartmentProperty type

Melbourne market

Full suburb report
Median listing$500,000
Median sold$470,000
Typical selling time41 days
Tracked sold properties672
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Spachus Property Estimate $350,000 Automated estimate based on available property and market data. Not a formal valuation.
Asking vs estimate -$5,000 1.4% below the Spachus estimate

Property Overview

1711/200 Spencer Street, Melbourne VIC 3000 is an apartment. It has 1 bedroom, 1 bathroom and 1 car space. It is currently listed at $345,000. It has been on the market for 102 days. In Melbourne, the median listing price is $500,000 and the median sold price is $470,000. Its current asking price is $155,000 (31.0%) below the Melbourne median listing price. Properties in Melbourne typically sell in around 41 days based on Spachus tracked sales data. It has currently been on the market 61 days longer than the Melbourne typical selling time.

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