587 Lygon Street, Princes Hill, VIC 3054 | Property Value & History | OnTheHouse
OFF MARKET

587 Lygon Street
Princes Hill VIC 3054

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 253m2
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Last updated 15 Dec 2025
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Property Details for 587 Lygon St, Princes Hill

587 Lygon St, Princes Hill is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1910. The property has a land size of 253m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in May 2015.

Building Type
House
Year Built
1910
Floor Size
100m2
Land Size
253m2
Local Government
Yarra
Lot/Plan
1/TP439725

Last Listing description (November 2022)

Situated in one of Carltons best locations, this enchanting Edwardian presents contemporary living at its finest. Features include: two bedrooms, possible third bedroom/study, updated bathroom, elegant lounge which leads to a neat and tidy kitchen/dining room. Extra features include: ducted heating/refrigerated cooling, high ceilings and original lead-light windows, plus a large rear yard with laundry/storeroom. With city-bound trams at your door step, walking distance to Princess Hill Primary School and Secondary College, Rathdowne street village cafes, shops and parklands what more could you need. Inspections are a must!

Property History for 587 Lygon St, Princes Hill, VIC 3054

A timeline of how this property has performed in the market
Last Sold
$1,300,000
23 May 2015
Listed for Rent
$630/w
11 Nov 2022
  • 06 Sep 2022
    Listed for Rent $630 / week
  • 25 Jun 2018
    Listed for Rent - Price not available
  • 12 Oct 2015
    Listed for Rent $610 / week
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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.

Suburb Insights for Princes Hill 3054

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.