1 Peel St, Prospect is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1880. The property has a land size of 1071m2 and floor size of 193m2. While the property is not currently for sale or for rent, it was last sold in June 2015.
Everything about this fully renovated and restored 1880 s cottage spells quality. Sited on over 1000 sqm of well kept grounds, the current owners efforts and pride of ownership is immediately apparent. A large front yard with manicured plantings greets us on arrival and leads us to what appears from the outside to be an unassuming cottage.
Apon entering the home, the striking polished floorboards and quality renovation are outstanding. An exquisite central hall way with original feature archway leads us via double doors to a lounge / dining with a central fire place. Decorative cornices and ceiling roses are the finishing features that give this room its authenticity. Two bedrooms on the other side of the hall complete the original cottage composition.
There is a large addition at the rear of the home that includes a newly renovated kitchen with stainless steel appliances, built-in microwave and floating timber floor. A massive casual living and dining room is adjacent. An exposed ceiling at 3.3m high with downlights continues the authentic cottage feeling throughout this extension, and a third bedroom of epic proportions with a wood panelling feature wall is a pleasant surprise.
The size of Prospect is approximately 5.0 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2016 was 13280 people. By 2021 the population was 14584 showing a population growth of 9.8% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation.In 2021, 62.80% of the homes in Prospect were owner-occupied compared with 65.10% in 2016.
Prospect has 7,120 properties. Over the last 5 years, Houses in Prospect have seen a 95.15% increase in median value, while Units have seen a 80.18% increase. As at 31 December 2025:
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