191 Peel StreetNorth Melbourne VIC 3051
Property Details for 191 Peel St, North Melbourne
191 Peel St, North Melbourne is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1880. The property has a land size of 128m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in January 2025.
Last Listing description (March 2025)
Positioned adjacent to newly completed Bedford St Pocket Park, this commanding Victorian terrace combines period grandeur with contemporary appointments. Boasting a wider than usual (just under 7-meter) frontage, this distinguished residence sits moments from Queen Victoria Market and Melbourne's CBD.
The striking facade introduces refined interiors featuring soaring ceilings throughout. Four expansive bedrooms, each with original working fireplaces, flow from the wide hallway alongside a stately formal lounge showcasing a Carrara marble fireplace. A stylish main bathroom, second bathroom/laundry, and powder room feature travertine tiling and brass appointments. A well appointed kitchen impresses with Carrara stone benchtop, integrated dishwasher, and premium 900mm Smeg oven.
Retained period details include intricate ornate plasterwork and Baltic Pine floors throughout, while the covered front balcony captures sweeping city views. The private rear courtyard features bluestone French pattern paving for low maintenance entertaining.
Further, the property presents flexible use and outstanding development and subdivision prospects (STCA, detailed plans available), enhanced by the property's strategic Mixed Use zoning under the City North structure plan.
This premium address unlocks unparalleled connectivity:
- Steps to Parkville metro station and free tram zone
- Minutes to Melbourne University and hospital precinct
- Zoned for North Melbourne Primary and University High
- Surrounded by Melbourne's finest dining and culture
The versatile floorplan and flexible zoning accommodate residential, medical, or mixed commercial possibilities, supported by strong rental returns. This landmark offering represents a superior investment in one of Melbourne's most rapidly appreciating locations.
An exceptional opportunity awaiting your inspection.
Property History for 191 Peel St, North Melbourne, VIC 3051
- 17 Jan 2025Sold for $1,760,000
- 02 Nov 2024Listed for Sale Undisclosed
- 18 Mar 2024Listed for Sale Contact Agent
Recent sales nearby
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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 12,777 properties. Over the last 5 years, Houses in North Melbourne have seen a -2.81% decrease in median value, while Units have seen a -2.82% decrease. As at 31 December 2025:
- The median value for Houses in North Melbourne is $1,292,495 while the median value for Units is $502,545.
- Houses have a median rent of $675 while Units have a median rent of $595.
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