197 Peel StreetNorth Melbourne VIC 3051
Property Details for 197 Peel St, North Melbourne
197 Peel St, North Melbourne is a 2 bedroom, 1 bathroom House and was built in 1890. The property has a land size of 92m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Last Listing description (March 2026)
Working from home has become the new normal. Situated in Melbourne's premier educational and healthcare quarter, this two-storey, two bedroom home has four living areas that afford the space and flexibility to achieve the perfect work-life balance. The front two rooms could easily be utilised as a large office/conference room space that accommodates a number of people.
Public Transport accessibility is plentiful with the Peel Street tramline on your doorstep.
Built circa 1890, this building has beautiful lead-light windows, some of which are hidden delights only the occupier will see. The meal area opens into a large open-air terrace with direct lane-way access. The top floor has two balconies: the Eastern balcony offers private city views and the Western balcony overlooks the alfresco courtyard and the cobbled bluestone side passage. The property boasts two entry points. Peel Street hosts the more formal entry point whilst an entrance for friends and family is accessible utilising the side lane.
Historic Photo Credit to Graeme Butler (Courtesy Melbourne Library c. 1982)
Property History for 197 Peel St, North Melbourne, VIC 3051
- 23 Mar 2026Listed for Rent $795 / week
- 30 May 2024Listed for Rent $860 / week
- 21 Jan 2024Sold for $1,300,000
Recent sales nearby
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0About 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 12,772 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.72% decrease in median value, while Units have seen a -4.55% decrease. As at 30 April 2026:
- The median value for Houses in North Melbourne is $1,304,139 while the median value for Units is $515,667.
- Houses have a median rent of $750 while Units have a median rent of $600.
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