7/39-47 Peel Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

7/39-47 Peel Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 419m2
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Property Details for 7/39-47 Peel St, West Melbourne

7/39-47 Peel St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 419m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
2008
Floor Size
68m2
Land Size
419m2
Local Government
Melbourne
Lot/Plan
7/PS609739

Last Listing description (March 2025)

7/39-47 Peel Street, West Melbourne
Set against a backdrop of dazzling city views, this meticulously presented two-bedroom apartment offers a lifestyle of inner-city convenience. Nestled in the heart of the iconic Queen Victorian Market precinct and bordered by Errol Street?s mecca for restaurants, bars and live music, lifestyle lovers will also delight in the lush surrounds of Flagstaff Gardens and Royal Park just a mere minute stroll away. Featuring light, bright and flexible living-dining zones with heating/cooling and cleverly incorporated study nook, house-sized kitchen with enormous bench space, gas cooktop, dishwasher, modern appliances and storage a-plenty. Outside, soak up the inner-city energy on the entertainers balcony, where hot air balloons pepper the sky by day and towers light up by night. Two bedrooms - both with carpet, mirrored robes and heating - and spacious bathroom with bath and shower, separate toilet, discreet European laundry.

Property History for 7/39-47 Peel St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$670,000
12 May 2024
Listed for Rent
$650/w
04 Oct 2024
  • 10 Sep 2024
    Listed for Rent $650 / week
  • 21 May 2024
    Listed for Sale Not Disclosed
  • 12 May 2024
    Sold for $670,000
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the 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 -19.99% decrease in median value, while Units have seen a -5.28% decrease. As at 31 May 2026:

  • The median value for Houses in West Melbourne is $1,205,159 while the median value for Units is $516,071.
  • Houses have a median rent of $730 while Units have a median rent of $630.
There are currently 38 properties listed for sale, and 13 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 398 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.