4/519 Peel Street N, Black Hill VIC 3350
4/519 Peel Street N, Black Hill VIC 3350
4/519 Peel Street, Black Hill VIC 3350 is a 2-bedroom, 1-bathroom, 1-car unit/apartment with an asking range of $465,000–$485,000 and a reported internal area of 262 m². The property was listed for sale as an apartment/unit in Black Hill. It is described as a 2013-built unit, making it about 13 years old as of 2026.
compact low-maintenance unit | ground-level with deck | 2013 build no major retrofits | suits investors or downsizers | mixed suburb demand
This unit’s 2013 construction is considered a competitive edge, as it avoids the immediate retrofit needs often associated with older stock in the suburb. Its ground-level configuration, inferred from the deck-focused description, is rarely specified in comparable listings and may attract buyers seeking easy access. The property sits within a mixed residential pocket of Black Hill, where detached houses dominate; this smaller format is best suited to first-home buyers, downsizers, or investors looking for a lower-maintenance base near Ballarat. The open-plan layout flowing to a rear deck is noted as a liveability feature that supports its appeal in this buyer segment.
The value of this unit may be influenced by its strata-style land allotment, which might limit capital growth compared to detached houses on larger blocks. Absent a confirmed floor level, buyers could consider potential implications for privacy or natural light. Demand from owner-occupiers may be tempered by the unverified school catchment, a factor some families might weigh in their price assessment. These constraints should be weighed against the propertys modern build and manageable living space.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/519 Peel Street N, Black Hill VIC 3350
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Black Hill presents a stable, mature market with a notable mix of outright owners and renters, anchored by a significant older demographic. Demand is currently shaped by singles and renters occupying its detached housing stock. Recent price trends show modest house growth contrasted with stronger unit performance, while houses move at a measured pace. Future growth may be supported by this established rental base, though the market’s maturity suggests a steady trajectory rather than rapid expansion.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
262m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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