FOR SALE
$220,000 - $242,000

310/188-196 Peel Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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One Bendroom Studio Apartment with Lease

Perfectly situated, this one-bedroom apartment offers convenient access to Queen Victoria Market, Royal Children's/Melbourne Hospitals, Melbourne University, and the Central Business District-all just a short stroll away. This building is well appointed with recreation/meeting room and 24 hour laundry in this walk to everything location.
Tenanted with $400 per week rental. The rental investment offers an exceptionally high return of 9.5%. If used for Airbnb, the returns could be even higher.
Features Include:
- 57 & 59 Tram Stops Nearby
- Stainless Steel Appliances
- Security Intercom
- Split System Heating & Cooling System
- Local Shops & Cafes Around the Corner
- Furnished & Fitted with Appliances
- Electricity and water included
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Property Details for 310/188-196 Peel St, North Melbourne

310/188-196 Peel St, North Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with MEGA CITY REAL ESTATE PTY LTD.

Building Type
Apartment

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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 12,043 properties.

    There are currently 43 properties listed for sale, and 47 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 374 properties were sold in the past 12 months in North melbourne.

    Suburb Insights for North Melbourne 3051

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    Fred Zhao
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    MEGA CITY REAL ESTATE PTY LTD
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    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.