128 Paterson St, Princes Hill is a 2 bedroom, 1 bathroom House and was built in 1935. The property has a land size of 159m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last transferred in February 2024.
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Ideally situated close to Princes Park in a highly sought after location, this Art Deco brick home is sure to impress! It features decorative ceilings, glass entry doors, a spacious open plan living/dining/kitchen with carpet, ornamental fireplace, gas wall heater as well as a split heating/cooling. Kitchen with granite bench tops and gas cooker, separate full sized laundry with plenty of storage, 2 good sized bedrooms with built in robes, central bathroom with shower and ample storage space, a sunny courtyard that is perfect for relaxing! Situated in the Princes Hill Primary and Princes Hill Secondary zones. Convenient to trams for easy commutes. Walk to Royal Park, Melbourne Zoo, Lygon Street cafes and Barkly Square.
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The size of Princes Hill is approximately 0.4 square kilometres. It has 3 parks covering nearly 9.7% of total area. The population of Princes Hill in 2016 was 2126 people. By 2021 the population was 2005 showing a population decline of 5.7% in the area during that time. The predominant age group in Princes Hill is 20-29 years. Households in Princes Hill are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Princes Hill work in a professional occupation.In 2021, 52.60% of the homes in Princes Hill were owner-occupied compared with 50.40% in 2016.
Princes Hill has 1,138 properties. Over the last 5 years, Houses in Princes Hill have seen a 4.50% increase in median value, while Units have seen a 33.90% increase. As at 30 November 2025:
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