56 Paterson Street, Princes Hill, VIC 3054 | Property Value & History | OnTheHouse
 
OFF MARKET

56 Paterson Street
Princes Hill VIC 3054

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 191m2
Land area: 245m2
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Property Details for 56 Paterson St, Princes Hill

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 April 1982.

Building Type
House
Floor Size
191m2
Land Size
245m2
Local Government
Yarra
Lot/Plan
1/TP391860

Last Listing description (March 2016)

This wide single fronted home is located in the tree lined streets of Princes Hill and provides substantial accommodation. The ground floor consists of 2 very large bedrooms with built in robes, separate bathroom with laundry facilities, a large open timber kitchen with gas & electric cooking, dishwasher and plenty of bench space, and a bright lounge/ dining area overlooking a private paved rear yard. Upstairs provides a bathroom with 2 bedrooms, one with a study area opening onto a north facing balcony. The property has secure parking for one car in a garage with plenty of storage.
Centrally located to enjoy the delights of the Rathdowne Village,
Princes Park, Lygon St, Sydney Rd, this home is also well serviced by public transport to get you to the CBD and surrounds. It is within walking distance to both Princes Hill Secondary College and Princes Hill Primary School.

Property History for 56 Paterson St, Princes Hill, VIC 3054

A timeline of how this property has performed in the market
Last Sold
$67,000
24 Apr 1982
Listed for Rent
$885/w
15 Mar 2016
  • 25 Feb 2016
    Listed for Rent - Price not available
  • 24 Apr 1982
    Sold for $67,000
  • 03 Apr 1982
    Listed for Sale Not Disclosed
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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.
There are currently no properties listed for sale, and no properties listed for rent in Princes hill on OnTheHouse. According to Cotality's data, 29 properties were sold in the past 12 months in Princes hill.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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