7/39-47 Peel StreetWest Melbourne VIC 3003
Property Details for 7/39-47 Peel St, West Melbourne
7/39-47 Peel St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 418m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.
Last Listing description (October 2024)
7/39-47 Peel Street, West Melbourne
Set against a backdrop of dazzling city views, this meticulously presented two-bedroom apartment offers a lifestyle of inner-city convenience. Nestled in the heart of the iconic Queen Victorian Market precinct and bordered by Errol Streets mecca for restaurants, bars and live music, lifestyle lovers will also delight in the lush surrounds of Flagstaff Gardens and Royal Park just a mere minute stroll away. Featuring light, bright and flexible living-dining zones with heating/cooling and cleverly incorporated study nook, house-sized kitchen with enormous bench space, gas cooktop, dishwasher, modern appliances and storage a-plenty. Outside, soak up the inner-city energy on the entertainers balcony, where hot air balloons pepper the sky by day and towers light up by night. Two bedrooms - both with carpet, mirrored robes and heating - and spacious bathroom with bath and shower, separate toilet, discreet European laundry.
Property History for 7/39-47 Peel St, West Melbourne, VIC 3003
- 10 Sep 2024Listed for Rent $650 / week
- 12 May 2024Sold for $670,000
- 06 Jun 2023Listed for Rent $610 / week
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About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.
West Melbourne has 7,500 properties. Over the last 5 years, Houses in West Melbourne have seen a -1.86% decrease in median value, while Units have seen a -13.07% decrease. As at 31 October 2024:
- The median value for Houses in West Melbourne is $1,222,199 while the median value for Units is $498,499.
- Houses have a median rent of $660 while Units have a median rent of $600.
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