39-47 Peel Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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39-47 Peel Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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Property Details for 39-47 Peel St, West Melbourne

39-47 Peel St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 2 parking spaces.

Building Type
Unit
Local Government
Melbourne
Lot/Plan
2/PS609739

Last Listing description (February 2024)

QUALITY APARTMENT WITH STUNNING CITY VIEWS

This well-presented, modern, two bedroom apartment is conveniently positioned on the city edge. Located within walking distance to Melbournes major medical and tertiary precincts, public transport at your doorstep, and the spectacular Flagstaff gardens only moments away. Comprising a well-designed kitchen through to a bright living area and an entertainers balcony, two bedrooms, both with BIRs, a sparkling central bathroom, separate toilet and laundry. Features security entrance, split system heating and air conditioning, polished timber floors, two secure basement car parks (tandem) and two storage cages. This quality apartment is located opposite one of Melbournes favourite icons, the Queen Victoria Market, with its fresh food and vibrant atmosphere. Rental - $680 P/W

Property History for 39-47 Peel St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
  • 01 Feb 2024
    Listed for Rent $680 pw
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation.In 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.

West Melbourne has 8,465 properties. Over the last 5 years, Houses in West Melbourne have seen a -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:

  • The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 39 properties listed for sale, and 10 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in West melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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