525 Lygon St, Princes Hill is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 275m2. While the property is not currently for sale or for rent, it was last sold in November 2012.
This substantial elevated 1880s residence offers exciting potential for renovation) to resume its status as one of Princes Hills grand homes. Set above a terraced garden, it opens to an impressive hallway with asymmetrical arch decoration, leading to four bedrooms. The main bedroom overlooking the street is of vast proportions, with an ornate vaulted ceiling, wall niches and marble fire surround. Some of this detail is echoed in the well-proportioned living room at the end of the hall. The floor plan is completed by a large functional kitchen/meals area and a good-sized bathroom. A covered porch with access to a laundry overlooks the deep rear garden, which has ROW car access and plenty of room for an upper level extension (STCA). The location is excellent -- close to transport, Princes Park, schools and Rathdowne Village.
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 2011 was 2,075 people. By 2016 the population was 2,126 showing a population growth of 2.5% 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 2011, 50% of the homes in Princes Hill were owner-occupied compared with 50.4% in 2016.
Princes Hill has 1,131 properties. Over the last 5 years, Houses in Princes Hill have seen a 9.03% increase in median value, while Units have seen a 24.55% increase. As at 31 October 2024:
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