310/188-196 Peel Street
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About this property
Perfectly positioned, this one-bedroom apartment offers exceptional convenience with easy access to Queen Victoria Market, the Royal Children's Hospital, Melbourne Hospital, Melbourne University, and the CBD-all within a short stroll. The building is well-appointed, featuring a recreation/meeting room and a 24-hour laundry, making it an ideal "walk-to-everything" location. Currently tenanted at $400 per week with a secure lease in place until 14 January 2027, this property presents a strong investment opportunity. The rental return is highly attractive, offering an approximate yield of 9.5%, with potential for even higher returns if utilised for short-term accommodation (STCA). Owners Corporation fees are approximately $600 per annum. Features include: Tram stops 57 & 59 nearby Stainless steel appliances Security intercom Split system heating and cooling Local shops and cafés just around the corner Inspection by appointment.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 months ago
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Neighbourhood
Living in North Melbourne
This 1-bedroom apartment in North Melbourne, VIC 3051 sits within reach of public transport, local shops and nearby schools. It is listed 42% below the $360,000 median of 59 comparable apartmentswithin 5 km.
Schools near North Melbourne
- North Melbourne Primary Schoolprimary · Prep-6 · CoEd
- St Michael's Primary Schoolprimary · Prep-6 · CoEd
- Mount Alexander 7-12 College-River Nile Campussecondary
- River Nile Schoolsecondary · 11-12 · Girls
- SEDA College (Victoria) - The Huddle, North Melbourne Football Clubsecondary
- St Aloysius Collegesecondary · 7-12 · CoEd
What's nearby
- Stop 15: Arden Street (tram) — 998 m away
- Zanes Hair — 1.0 km away
- Leveson Street Park — 534 m away
- Unnamed — 625 m away
- Unnamed — 627 m away
North Melbourne at a glance
Full suburb profile- Population
- 14,953
- Median age
- 31
- Household income
- $1,717/wk
- Median rent
- $381/wk
- Median mortgage
- $2,035/mo
Source: ABS Census.
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Suburb market
Suburb price trend
North Melbourne price trend
Median sold · Unit 1 bed
Compound growth -4.8% / yr over 4 yrs
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Price history
Price history
Listing price changes
1 price change recorded for this property
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