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.
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.
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 1,139 properties. Over the last 5 years, Houses in Princes Hill have seen a 3.82% increase in median value, while Units have seen a -0.87% decrease. As at 28 February 2026:
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