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310/188-196 Peel Street

North Melbourne, VIC 3051, Australia
$199,000
1 bed 1 bath

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Area Price Guide
$187,060$210,940

Indicative price guide range

🏘️
66
Comparable
📊
$458,000
Area median
⚖️
-57%
vs median
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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Heritage

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About this property

Perfectly situated, this one-bedroom apartment offers convenient access to Queen Victoria Market, Royal Children's/Melbourne Hospitals, Melbourne University, and the Central Business District-all just a short stroll away. This building is well appointed with recreation/meeting room and 24 hour laundry in this walk to everything location. Tenanted with $400 per week rental. The rental investment offers an exceptionally high return of 9.5%. If used for Airbnb, the returns could be even higher. Features Include: - 57 & 59 Tram Stops Nearby - Stainless Steel Appliances - Security Intercom - Split System Heating & Cooling System - Local Shops & Cafes Around the Corner Inspection by appointment.

Property Features

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    Repayment calculator

    $965/month
    $482 /fortnight
    Loan $159,200 at 6.10% over 30 years

    Upfront costs

    Deposit$39,800
    Stamp duty$7,010
    Conveyancing (est.)$2,000
    Total upfront$48,810
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    apartment
    Listing Type
    For Sale
    Bedrooms
    1
    Bathrooms
    1
    Listed
    2 months ago

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