501/188-196 Peel StreetNorth Melbourne VIC 3051
Property Details for 501/188-196 Peel St, North Melbourne
501/188-196 Peel St, North Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2010. The property has a land size of 1008m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (February 2023)
Are you unhappy of 1% low term deposit from Bank?
Are you tired of looking for new tenant frequently?
$155K same as you buy a car, but got massive 9.3% return, your own ATM.
Walking distance to Queen Victoria Market, Melbourne University, RMIT, Melbourne Central, all shops, restaurants, and tram shop just in front of your door.
This modern designed student apartment on level 5 features proper living/bedroom size, open plan kitchen with electrical stove and plenty of drawers, separate bathroom and shower, furnished with bed, study table, fridge and microwave. Airconditioning is a must, also have nice city views.
Current rental income is $270 per week, which equal to 8.5% rental return! $300/week before the Covid-19, perfectly suitable to initial investors or investment by personal superannuation fund.
The building features communal laundry, on-site management & security, internet access, key-card access.
Body corporate: $2,533, Council rates: $403, Water rates: $563
Vendor says sell. For more information, please contact Stephen Shen on 0468 955 586.
Property History for 501/188-196 Peel St, North Melbourne, VIC 3051
- 07 Jul 2022Sold for $148,000
- 24 Apr 2021Listed for Rent $200 / week
- 19 Aug 2019Listed for Sale $169,000
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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 11,896 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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