209/188-196 Peel StreetNorth Melbourne VIC 3051
Property Details for 209/188-196 Peel St, North Melbourne
209/188-196 Peel St, North Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2010. The property has a floor size of 20m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in North Melbourne in the last 12 months.
Last Listing description (July 2023)
Centrally located within walking distance of the CBD, Queen Victoria Market, and prominent Universities, this studio apartment is an affordable investment - perfect to diversify your investment portfolio.
This contemporary studio apartment comprises a multi-purpose bedroom/ living room, balcony with city views, bathroom, and a fully functioning kitchen with electric cooktop, sink and pantry.
Building features include a resident manager, guest laundry, luggage storage, security entry/foyer, CCTV security, tour desk, conference room, courtyard, bicycle storage and WiFi.
Located moments away from the University of Melbourne, trams and well-known bars and restaurants, this studio apartment is in a prime position for the cultured Melbourne city lifestyle.
Please note that this property is exclusively leased with City Edge North Melbourne until 2038 with rent $1,386p.m or $320PW.
This is a fabulous opportunity to diversify your investment portfolio, call now for more information!
Property History for 209/188-196 Peel St, North Melbourne, VIC 3051
- 18 Mar 2024Sold for $165,000
- 01 Mar 2022Listed for Sale Offers Welcomed!
- 18 May 2018Sold for $184,000
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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 11,897 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:
- The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
- Houses have a median rent of $700 while Units have a median rent of $540.
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