331 Richardson St, Princes Hill is a 3 bedroom, 1 bathroom House. The property has a land size of 100m2 and floor size of 103m2.
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Well presented Victorian terrace in a much sort after location, it features polished floorboards throughout and comprises of three generous bedrooms, two with built in robes, study with ample storage space and carpet, lounge room with a beautiful ornamental fireplace, kitchen with gas cooking appliances, central heating throughout and a private low maintenance courtyard. Ideally located within a 5 minute walk to the Royal Parade tram stop and close to Melbourne University & CBD / city access, a quiet corner of Princes Hill (with no through traffic) and with Princes Park just at the end of the street to be enjoyed, situated within 10 minutes walk of Brunswick's Barkly Square Shopping Centre and Sydney Road shops and also within walking distance to North Carlton Shopping Village and Lygon Street shops, plenty of "on-street" parking.
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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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