1/231 Peel Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
 
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1/231 Peel Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 98m2
Land area: 726m2
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Last updated 9 Feb 2026
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Property Details for 1/231 Peel St, North Melbourne

1/231 Peel St, North Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 726m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in February 2005.

Building Type
Unit
Year Built
1995
Floor Size
98m2
Land Size
726m2
Local Government
Melbourne
Lot/Plan
13/PS415995

Last Listing description (October 2023)

This generous light filled two-bedroom apartment is a stand-out, new blinds, painted throughout. Large living and dining room with a substantial balcony, the apartment offers the best in entertaining options with a generous kitchen with gas hotplates, electric oven and dishwasher. Excellent storage throughout the apartment including large BIRs in both bedrooms with courtyard access, luxury abounds with 2 bathrooms complete with shower, separate large European laundry. Secure underground parking with hook for bikes. Walk to the famous Vic Market for the best in local produce or step-out in style for dinner in the city. Get fit in the Flagstaff Gardens or simply enjoy the views of the city skyline. This is a perfect apartment for a professional couple wanting the best in lifestyle and location.
$675.00 per week

Property History for 1/231 Peel St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$326,250
19 Feb 2005
Listed for Rent
$675/w
02 Oct 2023
  • 22 Sep 2023
    Listed for Rent $675 / week
  • 12 Jun 2009
    Listed for Rent $450 / week
  • 19 Feb 2005
    Sold for $326,250
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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 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% 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 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.

North Melbourne has 12,781 properties. Over the last 5 years, Houses in North Melbourne have seen a -0.28% decrease in median value, while Units have seen a -1.39% decrease. As at 31 January 2026:

  • The median value for Houses in North Melbourne is $1,315,638 while the median value for Units is $498,827.
  • Houses have a median rent of $680 while Units have a median rent of $595.
There are currently 37 properties listed for sale, and 35 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 529 properties were sold in the past 12 months in North melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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