550-556 Park StreetPrinces Hill VIC 3054
Property Details for 550-556 Park St, Princes Hill
550-556 Park St, Princes Hill is a 5 bedroom, 3 bathroom House. The property has a land size of 194m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (September 2022)
Nestled amongst Australian Brush, decorative plantings, mature shrubbery and tangled vines and creepers, this unique family residence in one of Carlton North's most private enclaves will delight with its warmth, charm and muliti faceted floorplan.
On a corner allotment directly adjacent to the Hardy Gallagher Reserve and Capital City Trail, its virtual three-dimensional orientation allows a myriad of flexible living arrangements, particularly given the option to configure the home into two independent residences. Immediately impressive due to its notable width, step beyond the covered portico and vanilla brick facade to be greeted with honey coloured polished floorboards, original leadlighting and deco flourishes, grand height ceilings and impressive room proportions. Pairing the sought after arrangement of tradition with an entirely contemporary extension, this much loved home offers versatile accommodation with five principal downstairs rooms providing options to connect the home to the family, whilst providing separation and privacy when required. Downstairs incorporates three naturally bright bedrooms, dual sun-dappled Living zones, two central bathrooms (one with laundry) which service the home. Each bedroom enjoys its own unique personality, from airy, opulent spaces with plantation shutters overlooking Park Street's heritage streetscape to cosier, more intimate zones with private lightwell, decorative fireplaces and original deco ceiling reliefs. A central living room with French Doors opening onto the timber decked courtyard provides a haven to retreat to and enjoy some quiet time or your favourite novel. Beyond lies the hub of the home - a generous second Living, kitchen/Dining room, open plan, painted in crisp white, warmed with caramel cabinetry and polished boards. Wrapping around the tranquil courtyard, windows and French doors connect the room to the timber decked outdoor area, cloaked in meandering vines and creepers ensuring privacy and rustic decoration. The neighbouring parkland treetops provide leafy, nature filled views and endless sky to enjoy. The modern central kitchen is intelligently designed, with white stone island bench, ample preparation space, modern European appliances, dishwasher, plentiful storage and lightwell with shugg windows for crisp ventilation.
Wander upstairs, pass the second independent entrance of the home (opening to the extension of Lang St) to where a surprise awaits.
Perched atop the home lies a lofty, light-filled fully self-contained residence, with its own private Lang Street access - designed in harmony with the larger home, yet intended for total privacy and independence if one wishes. Intuitively designed and filled with natural light, it offers unprecedented almost 180-degree views over the native parkland and indigenous shrubbery to the East and South.
A vista unique to this part of Carlton North and almost impossible to emulate.
A sunken lounge surrounded by glass incorporates a quaint Juliette balcony, framed by a mature, elegant vine arbour and providing "floating" views amongst the swaying gum trees. An elevated dining zone connects to a modern white kitchen finished with purpose-built cabinetry. Set quietly to the rear lies a fresh central bathroom and two private bedrooms. Vaulted ceilings and air-conditioning add character and comfort. The options are endless with this unique upstairs space, be it to house an extended family, a mature aged resident, active teenager or as a potential investment option. Perhaps continue its use in its current guise and configuration as an integral part of the main residence, the choice is yours. A truly unique feature to be seen to be fully appreciated. Other benefits of this picture postcard pretty property include a third family bathroom, the super quick initial roll out of the NBN (Fibre to the home) dual downstairs laundrys, hydronic heating throughout, air conditioning upstairs, ceiling fans, plush woollen carpets, double glazed windows to Park Street and sound insulation between the upstairs and downstairs living rooms. In a location that encompasses many inner city delights; convenient to Royal Park, Melbourne University, Princes Park with its flowers and fountains and famed running track, Lygon Street Brunswick East's hip cafe strip, Sydney Road's eclectic shops, and much loved Barkly Square shopping centre. Trams direct to the CBD on Royal Parade (Number 19) and Lygon Street (Numbers 1, 8) provide transport options. Surrounded by rows of period homes and cottages in a quiet "no through road" cul-de-sac in one of the inner norths most tightly held positions, this is a special property that speaks to the modern multi-generational family or the considered artist, unparalleled for its sheer variety of lifestyle options, beautiful accommodation and unique attributes. Nelson Alexander Pty Ltd.
Property History for 550-556 Park St, Princes Hill, VIC 3054
- 17 Sep 2022Sold for $2,495,000
- 24 Aug 2022Listed for Sale Auction $2,400,000 - $2,500,000
- 20 May 2017Sold for $2,410,000
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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.
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