513 Lygon St, Princes Hill is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 325m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
SALE BY SET DATE Closing Friday 7th December at 5pm
Discover the delights of vibrant inner city living and make your mark with this majestically elevated three bedroom Federation home poised for an exciting new chapter. Grandly proportioned with pressed metal ceiling and Baltic Pine floors this completely comfortable home comprising three bedrooms, neat central bathroom, grand lounge and expansive kitchen/meals, sits on a sizeable block of approximately 319m2 and offers exciting options to further extend/renovate subject to council approval. With excellent off street parking for two cars via wide right-of way, direct access to trams and surrounded by cafes, restaurants, Princes Park, Princes Hill Primary and Secondary schools, just three kilometres to the hospital and university precincts and CBD, create something special and make this iconic address your own.
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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