538 Park St, Princes Hill is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 135m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
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This immaculate north facing home, absolutely filled with natural light, offers relaxed low maintenance living in beautiful Princes Hill setting facing the historic Inner Circle path and close to Princes Park, primary & secondary colleges, transport & Melbourne University. Set out over 2 levels, you will find 3 bedrooms (including a master suite with WIR & ensuite plus private balcony), 2nd family bathroom and concealed laundry, stylish and functional kitchen with stone bench tops and Blanco appliances, sunny open plan living & dining zones opening to a front garden and private rear courtyard providing the perfect indoor/outdoor entertaining environment. Other features include a lock up garage with internal access, powder room, separate toilet, wooden floors, ample storage, 4 reverse-cycle air conditioning and double-glazed windows throughout. An impressive home situated in the highly sought after Princess Hill Primary School zone, 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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