SOLD
RECENT ADVICE
Sold on 16 May 2024 for $1,950,000

24 Peel Street
Collingwood VIC 3066

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 128m2
Land area: 183m2
Improve this data
Sold By
Nelson Alexander Fitzroy
Share
Save

Property Details for 24 Peel St, Collingwood

Building Type
Commercial
Year Built
1890
Floor Size
128m2
Land Size
183m2
Local Government
Yarra
Lot/Plan
1/TP602341

Last Listing description (May 2024)

Seldom does an occasion of such rarity arise, offering a lucrative opportunity to secure a two-bed plus study residence and a separate office/retail space in one entity. Offered as a whole, this exciting Mixed-Use Zone (MUZ) property, located in the heart of Collingwood, holds immense potential.
Each property benefits from its own separate entrance, providing a valuable opportunity to live in the apartment whilst leasing the office/retail space, or alternatively lease both properties and reaping the rewards of two rental income streams. The choice is yours!
Whatever your plans may be for this exclusive piece of real estate, they will benefit from the area's amenities and a highly prized location, within walking distance of Smith Street and Gertrude Street's bustling retail and entertainment precincts, and proximity to trams and Collingwood train station.

THE APARTMENT
- Currently leased for $3,259 (approx.) per calendar month
- Spacious open-plan living/dining area features high ceilings, split-system heating/cooling, and timber floors, and flows out to a large, partially covered entertaining balcony.
- Contemporary kitchen with stone benchtops, premium appliances including dishwasher, and ample storage.
- Two bright bedrooms each with built-in robes and split-system heating/cooling, with the main bedroom enjoying a private balcony.
- Separate study/home office offers flexibility as a 3rd bedroom.
- Stylish, central bathroom features floor-to-ceiling tiles, walk-in shower, and European laundry.
THE OFFICE/RETAIL SPACE
- Currently leased for $4,506.25 (approx.) per calendar month
- Floor area of 139sqm (approx.).
- Multiple offices on ground and first floor.
- Kitchen and bathroom facilities.

Show More

Property History for 24 Peel St, Collingwood, VIC 3066

A timeline of how this property has performed in the market
Last Sold
$1,950,000
16 May 2024
Listed for Rent
$725/w
29 Mar 2022
  • 16 May 2024
    Sold for $1,950,000
  • 07 Feb 2024
    Listed for Rent $800 / week
  • 02 Nov 2023
    Listed for Sale Under Offer
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

About Collingwood 3066

The size of Collingwood is approximately 1.3 square kilometres. It has 5 parks covering nearly 2.2% of total area. The population of Collingwood in 2011 was 6,467 people. By 2016 the population was 8,508 showing a population growth of 31.6% in the area during that time. The predominant age group in Collingwood is 20-29 years. Households in Collingwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Collingwood work in a professional occupation. In 2011, 32.9% of the homes in Collingwood were owner-occupied compared with 30.4% in 2016.

Collingwood has 8,574 properties. Over the last 5 years, Houses in Collingwood have seen a 12.14% increase in median value, while Units have seen a -0.99% decrease. As at 30 November 2024:

  • The median value for Houses in Collingwood is $1,207,502 while the median value for Units is $655,327.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 24 properties listed for sale, and 15 properties listed for rent in Collingwood on OnTheHouse. According to CoreLogic's data, 367 properties were sold in the past 12 months in Collingwood.

Collingwood Profile Page

Suburb Insights for Collingwood 3066

Visit Collingwood profile page
Market Insights
Collingwood Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Collingwood Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Collingwood profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED