26/198 Peel Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
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26/198 Peel Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 12 May 2025
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Feb 24

Property Details for 26/198 Peel St, North Melbourne

26/198 Peel St, North Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Melbourne

Last Listing description (February 2024)

Perfectly positioned, immaculately presented & ready to move in, this newly refurbished 2-bedroom apartment is a perfect investment or entry-level home encapsulating the convenience of an ultimate city-lifestyle. Boasting a spectacular North Melbourne location with stunning city skyline views from a communal rooftop terrace, this efficiently designed apartment offers the ultimate convenience with a unique appeal.

Located right on the doorstep of the CBD this two-level apartment is offers investors a point of difference in a bustling rental market. Featuring an open plan living area & kitchen, two balconies, two sizeable bedrooms with built-in robes & ample storage space, central bathroom plus a powder room & European laundry facilities. Also featuring newly refurbished modern floorboards, brand new oven & dishwasher. Highlighted by a stunning communal rooftop terrace, enjoy pleasant summer nights entertaining friends & soak up the breathtaking city views.
Building features include secure entry, secure basement parking & bicycle storage facilities.

Ideally located at the fringe of the CBD, this apartment offers a city location like no other. Enjoy easy access to the Queen Victoria Market, University precinct, Errol Street eateries & cafe's, as well as easy access to public transport with trams right at your doorstep & Flagstaff Train Station just footsteps away. Don't miss out on making this wonderful apartment your new home or investment.

To book a private inspection or for further information, please contact Annamaria on 0481 602 108

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Property History for 26/198 Peel St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
  • 19 Jan 2024
    Listed for Sale $570,000-$580,000

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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 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% 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 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 12,040 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.42% decrease in median value, while Units have seen a 0.02% increase. As at 30 April 2025:

  • The median value for Houses in North Melbourne is $1,169,118 while the median value for Units is $464,377.
  • Houses have a median rent of $680 while Units have a median rent of $570.
There are currently 45 properties listed for sale, and 45 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 455 properties were sold in the past 12 months in North melbourne.

North Melbourne Profile Page

What's around 26/198 Peel St, North Melbourne

26/198 Peel St, North Melbourne is in the school catchment zone for University High School and North Melbourne Primary School.

Nearby Schools
Comparable Properties
St Joseph's Flexible Learning Centre
0.17km
North Melbourne 3051
SpecialNon-Government7 - 12Combined391 Enrolled
Mount Alexander 7-12 College-River Nile Campus
0.18km
North Melbourne 3051
SecondaryNon-GovernmentCombined Enrolled
River Nile School
0.28km
North Melbourne 3051
SpecialNon-Government11 - 12Combined34 Enrolled
Simonds Catholic College
0.48km
West Melbourne 3003
SecondaryNon-Government7 - 12Combined460 Enrolled
University High School
0.68km
Parkville 3052
IN CATCHMENTSecondaryGovernment7 - 12Combined1434 Enrolled
North Melbourne Primary School
0.69km
North Melbourne 3051
IN CATCHMENTPrimaryGovernmentP - 6Combined743 Enrolled
University High School-Elizabeth Blackburn School of Sciences
0.72km
Address not found
SecondaryNon-GovernmentCombined Enrolled
Stott's Colleges
0.93km
Level 1-6, 168 Exhibition Street MELBOURNE VIC 3000 Melbourne 3000
SecondaryNon-Government7 - 12Combined Enrolled
Stott's Colleges
0.93km
Carlton 3053
SecondaryNon-GovernmentCombined Enrolled
Haileybury College - City Campus
0.97km
West Melbourne 3003
CombinedNon-GovernmentCombined Enrolled

Suburb Insights for North Melbourne 3051

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Market Insights
North Melbourne Trends for Houses
Median Value

$1.17M

13.97%
View Trend
Median Growth

-14.89%

View Trend
Median Rent

$680/W

-
View Trend
Rental Yield

3.16%

7.48%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (05/24 - 04/25)
North Melbourne Trends for Units
Median Value

$464k

5.86%
View Trend
Median Growth

-7.56%

View Trend
Median Rent

$570/W

3.64%
View Trend
Rental Yield

6.12%

12.09%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (05/24 - 04/25)
Neighbourhood Insights
Age

Population 14,948

0-9

 

7%

10-19

 

11%

20-29

 

37%

30-39

 

18%

40-49

 

10%

50-59

 

7%

60-69

 

6%

70-79

 

3%

80-89

 

1%

Household Structure
Occupancy
Visit North Melbourne profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2025 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
School data and Content
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/legals/third-party-restrictions
ABS data
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode
Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.

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