481 Lygon Street, Princes Hill, VIC 3054 | Property Value & History | OnTheHouse
OFF MARKET

481 Lygon Street
Princes Hill VIC 3054

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 256m2
Land area: 276m2
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Property Details for 481 Lygon St, Princes Hill

481 Lygon St, Princes Hill is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1890. The property has a land size of 276m2 and floor size of 256m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Year Built
1890
Floor Size
256m2
Land Size
276m2
Local Government
Yarra
Lot/Plan
1/TP389446

Last Listing description (January 2022)

*Please contact the agent to register for the open for inspection and Auction (Note: Government requirements: entrants must be fully vaccinated and show their status via the Service Victoria app upon arrival), or alternatively if status is unknown private appointments may be available on an individual basis.

Proudly elevated in an exclusive Princes Hill locale, this esteemed masterpiece residence of bespoke Dom Ridolfi designed interiors and bold European decadence celebrates opulent living spaces, enviable indoor/outdoor entertaining options and presents a true statement of city-edge sophistication, unequivocally in a class of its own.

Impeccable from all angles and retaining period elements of the era, the classic Victorian terrace faade reveals a grand arched hallway with soaring ornate ceilings, a supremely spacious home office, lavish main bathroom dressed in Italian marble with freestanding bath and designer tapware, and a generously sized first bedroom with built in robes and attic access.

The free-flowing floorplan continues into a striking separate living area with built-in library and chic industrial vibes, through to a sprawling Italian Arclinea kitchen with dual ovens, luxury V-Zug and Gagganeau integrated appliances and large butler's pantry - all the right elements for effortless entertaining on both a large and intimate scale. Designer cabinetry and a cleverly incorporated full length Gagganeau wine fridge envelope the oversized family/dining area, connecting seamlessly to the fully private courtyard, rich with European aesthetic, and perfectly primed for breezy weekend brunches or an afternoon glass of Prosecco as the sun begins to set. Add to this, a secure rear garage for easy off-street parking (ROW), plus separate fully self-contained studio/guest quarters with a bedroom, sleek kitchenette, and bathroom of stylish proportions to match the main residence and with dual access from both the main house and separate rear laneway entry.

The luxe continues upstairs: discover security entrance into the sprawling master suite comprising of a main bedroom with incorporated kitchenette, a stunning floor to ceiling marble ensuite with full Roman steam shower and meticulous walk-in wardrobe - carefully designed to consider a place for everything and everything in a place. Entertainers rejoice! A huge entertainer's zone completes the top level, showcasing a large undercover living space, full outdoor kitchen with integrated BBQ and incredible alfresco rooftop terrace with dazzling glimpses of the city skyline.

There's so much more to love: an underground speakeasy style 1000 bottle wine cellar, large separate sauna, zoned refrigerated heating and cooling, state of the art home automation system (controlled remotely), double glazed windows, underfloor heating, separate powder room, a comprehensive irrigation system, an abundance of attic storage, energy efficient inclusions and a fully secure intercom and CCTV system for security and peace of mind.

A truly mesmerising fusion of period allure and modern transformation that has been passionately designed to perfection with no compromise on space, light and style now invites new owners to secure their slice of exclusive designer living, just moments from Melbourne's hottest attractions. Stroll to iconic Princes Park, Lygon Street's acclaimed eateries, bars, and boutique shopping, plus Rathdowne Village, local schools (Princes Hill Secondary catchment), a plethora of walking/cycling trails and city-bound transport all within easy reach. A distinctively rare offering in a tightly held location that offers a unique living experience like no other that truly must be seen to be believed. Make it yours!

All Nelson Alexander inspections are conducted in accordance with the latest government guidelines. Please check in via the QR code, show your vaccination status via the Service Victoria app, wear a mask, use hand sanitiser, refrain from touching any items/fixtures and doors and provide your contact details. We appreciate your assistance.

Property History for 481 Lygon St, Princes Hill, VIC 3054

A timeline of how this property has performed in the market
Last Sold
$3,625,000
12 Dec 2021
Listed for Rent
$270/w
04 Apr 1992
  • 14 Jan 2022
    Listed for Sale Under Offer
  • 12 Dec 2021
    Sold for $3,625,000
  • 26 Nov 2021
    Listed for Sale Under Offer
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About Princes Hill 3054

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:

  • The median value for Houses in Princes Hill is $1,777,239 while the median value for Units is $1,031,814.
  • Houses have a median rent of $1,000 while Units have a median rent of $570.
There are currently no properties listed for sale, and no properties listed for rent in Princes hill on OnTheHouse. According to Cotality's data, 29 properties were sold in the past 12 months in Princes hill.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.