SOLD
Sold on 21 Jan 2024 for $1,300,000

197 Peel Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 140m2
Land area: 91m2
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Sold By
Charles Bongiovanni
Belle Property Carlton | Melbourne | North Melbourne
Gianni Fazzari
Belle Property Carlton | Melbourne | North Melbourne
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Property Details for 197 Peel St, North Melbourne

197 Peel St, North Melbourne is a 2 bedroom, 1 bathroom House and was built in 1890. The property has a land size of 91m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom House sold in North Melbourne in the last 12 months.

Building Type
House
Year Built
1890
Floor Size
140m2
Land Size
91m2
Local Government
Melbourne
Lot/Plan
1/TP231880

Last Listing description (August 2024)

Explore this unique opportunity in Melbourne's prestigious educational and healthcare precinct. Built circa 1890, this property features a two-story layout with rooms upstairs, each equipped with its own split system and a full bathroom. Offering a generous four living spaces, this property is designed to seamlessly allow for collaboration. The front rooms are spacious and ideal for use as an office or conference area, comfortably accommodating multiple occupants.

Conveniently located near the Peel Street tramline, commuting is made easy. The dwelling showcases exquisite lead-light windows, each with unique visual details known only to its inhabitants. An expansive open-air terrace provides direct access to a quaint laneway. Upstairs, two balconies offer different perspectives: one with private city views to the East, and another overlooking a charming alfresco courtyard and cobblestone side passage to the West.

Accessibility is enhanced with dual entry points, including a formal entrance on Peel Street and a secondary access via the side lane.

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Property History for 197 Peel St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$1,300,000
21 Jan 2024
Listed for Rent
$700/w
01 Jun 2021
  • 30 May 2024
    Listed for Rent $860 / week
  • 21 Jan 2024
    Sold for $1,300,000
  • 26 Oct 2023
    Listed for Sale $1,300,000
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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 12,011 properties. Over the last 5 years, Houses in North Melbourne have seen a 15.48% increase in median value, while Units have seen a 7.09% increase. As at 30 November 2024:

  • The median value for Houses in North Melbourne is $1,445,894 while the median value for Units is $495,366.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 53 properties listed for sale, and 51 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 443 properties were sold in the past 12 months in North melbourne.

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