205/150 Peel Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

205/150 Peel Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 2035m2
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Last updated 31 Aug 2026
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Property Details for 205/150 Peel St, North Melbourne

205/150 Peel St, North Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 2035m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in October 2003.

Building Type
Unit
Year Built
2005
Floor Size
83m2
Land Size
2035m2
Local Government
Melbourne
Lot/Plan
205/PS509339

Last Listing description (August 2026)

Positioned in a sought-after pocket of North Melbourne, this contemporary apartment offers low-maintenance living with exceptional convenience. Featuring two spacious bedrooms, modern finishes, and a secure car space, this is an excellent opportunity to secure an inner-city home through a lease transfer.

Property Features
Two generous bedrooms, both with built-in robes

Light-filled open-plan living and dining area
Modern kitchen with quality stainless steel appliances
Private balcony, ideal for relaxing or entertaining
Central bathroom with contemporary finishes
European-style laundry
Split-system heating and cooling
Secure building with lift access
One secure undercover car space
Outstanding Location

Ideally located just moments from Melbourne's CBD, this apartment offers easy access to everything you need:

Queen Victoria Market
Melbourne CBD
Multiple tram routes and public transport options
University of Melbourne and RMIT University
Royal Melbourne Hospital, The Royal Women's Hospital and Peter MacCallum Cancer Centre
An array of cafs, restaurants, supermarkets and local parks
Lease Information
Break Lease Opportunity
Rent: $680 per week
Available: 25 September 2026
Current lease expires: End of January 2027
Option to extend the tenancy, subject to landlord approval.

This well-presented apartment is perfect for professionals, students or anyone seeking a quality residence in one of Melbourne's most desirable inner-city locations.

"Prospective renters are required to register for the open-for-inspection to view the property. This ensures they are promptly notified of any changes or cancellations to the scheduled inspection."

To apply, please copy and paste the following link into your browser:

https://our.property/9iea

Property History for 205/150 Peel St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$429,950
10 Oct 2003
Listed for Rent
$680/w
11 Dec 2025
  • 24 Jul 2026
    Listed for Rent $680 / week
  • 27 Nov 2025
    Listed for Rent $680 / week
  • 27 May 2022
    Listed for Rent $525 / 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 12,827 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:

  • The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
  • Houses have a median rent of $760 while Units have a median rent of $610.
There are currently 42 properties listed for sale, and 37 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 561 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.