520-522 Park St, Princes Hill is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1915. The property has a land size of 506m2 and floor size of 198m2. While the property is not currently for sale or for rent, it was last sold in November 2016.
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Offering period features throughout, versatile floorplan and an enviable location in a prime Princes Hill pocket that features three downstairs bedrooms all with built in robes and 2 separate ground floor bathrooms (one with shower and a separate bath and another with a standard shower), central lounge with ornamental fire place and gas heating, walk through to the fully refurbished kitchen with ample storage with an adjoining meals area flowing to an informal lounge or study. Adding to its appeal is a delightfully private backyard with workshop and ROW access to a double garage. Upstairs comprises two additional smaller bedrooms with built in robes. Other features include polished hard wood floors, pressed metal ceilings and enviably positioned walking distance to Lygon Street cafes and shops, it's also close to local schools (Princes Hill primary and secondary, choice of tram lines (Lygon Street and Nicholson Street) with easy access to hospital/university precincts and the CBD. Inspection is a must!!!
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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