121 Peel Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

121 Peel Street
North Melbourne VIC 3051

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 131m2
Land area: 90m2
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Last updated 29 Jun 2026
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Property Details for 121 Peel St, North Melbourne

121 Peel St, North Melbourne is a 4 bedroom, 2 bathroom House and was built in 1870. The property has a land size of 90m2 and floor size of 131m2.

Building Type
House
Year Built
1870
Floor Size
131m2
Land Size
90m2
Local Government
Melbourne
Lot/Plan
1/TP867641

Last Listing description (July 2025)

Melbourne Uni, Victoria Market and the CBD is your front yard!
Enjoy everything the inner city has to offer from this location within the Free Tram Zone!
Just renovated, brand new kitchen with sleek stone benchtop, induction cook top and dishwasher.

4 bedrooms (3 big and one massive!) all with air conditioners, wardrobes and plantation shutters.
2 sparkling bathrooms one on each level. Laundry facilities with washer/dryer included and a study!
Freshly painted and new carpet throughout. Courtyard area.
Great location - close to the hospital precinct, Uni High zone, transport galore and city views!
2 parking permits available from Council.
Hurry this one wont last.

Property History for 121 Peel St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
  • 18 Jul 2025
    Listed for Rent $1,200 / week
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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the 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 12,787 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.73% decrease in median value, while Units have seen a -6.01% decrease. As at 30 June 2026:

  • The median value for Houses in North Melbourne is $1,239,553 while the median value for Units is $491,194.
  • Houses have a median rent of $755 while Units have a median rent of $600.
There are currently 34 properties listed for sale, and 35 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 576 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.