504-506 Park St, Princes Hill is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 384m2 and floor size of 214m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
On the edge of parklands, this gracious Victorian is a deceptively spacious, light-filled, solid brick, family home. Behind the quintessential period faade, a versatile floorplan, with soaring ceilings and arched hallway, accessing timeless, oversized rooms retaining original features and character. Generously proportioned, to accommodate family life, with four bedrooms, formal living with open fireplace, central bathroom, and open plan kitchen, living and dining room with an impressive garden aspect. Upstairs the main, retreat like, bedroom includes a study, ensuite, built in robes and storeroom, resulting in a wonderful separate space to rest and work. Within a private, established garden setting, in highly desirable Princes Hill, this is a rare opportunity to secure a notable family home on the edge of the CBD. Additional highlights include separate laundry, hydronic heating, solar panels, double glazing, built in BBQ, ROW, garden shed, and water tanks.
A peaceful haven, just steps from acres of open green spaces, including Princes Park and Royal Park, Lygon Street, Sydney Roads flourishing shopping and dining precinct, Rathdowne Village, and a choice of city-bound trams, buses, and bike paths. A sought-after heritage precinct easily accessible to schools (zoned to Princes Hill Primary School & Princes Hill Secondary College), medical precincts, universities, childcare and the CBD.
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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