56 Paterson St, Princes Hill is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 245m2 and floor size of 191m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 4 bedroom House sold in Princes Hill in the last 12 months.
Set behind a 6.6m frontage, this semi-detached Victorian delivers a great sense of space, light and flexibility in the heart of Princes Hill.Behind the classic faade, the home opens up to reveal a surprisingly generous floorplan across two levels, with four genuinely large bedrooms (all with robes) and two full bathrooms one on each level.At the rear, the home really comes into its own. A north-facing orientation brings beautiful natural light into the open-plan living and dining zone, complemented by a well-appointed kitchen with solid timber cabinetry, dishwasher and excellent storage.Period character remains a strong theme throughout, with a wide entrance hallway, high ornate ceilings and solid timber floors, while modern comforts include a wood heater, full laundry and a large attic storeroom.Double sliding doors connect seamlessly to a substantial north-facing backyard, offering a private and sun-drenched space to relax or entertain. Added to this is the advantage of a lock-up garage/workshop via Munnering Lane, along with an upstairs balcony enjoying the same northerly aspect.Positioned in one of the inner norths most tightly held pockets, its a short walk to Princes Park, Lygon Street trams and local cafs, along with easy access to schools, the Inner Circle Rail Trail and Sydney Roads retail strip.
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 -0.13% decrease in median value, while Units have seen a -10.63% decrease. As at 30 April 2026:
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