78 Arnold StreetPrinces Hill VIC 3054
Property Details for 78 Arnold St, Princes Hill
78 Arnold St, Princes Hill is a 3 bedroom, 2 bathroom House and was built in 1890. The property has a land size of 275m2 and floor size of 173m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Princes Hill in the last 12 months.
Last Listing description (August 2024)
Situated in an exclusive Princes Hill neighbourhood, this shopfront and residence (separately tenanted) provides a rare opportunity for professionals and investors alike to enjoy its current accommodation while exploring the property's endless potential (STCA).
Set on a deep allotment (approx 275sqm) with dual street access, the main premises comprises an enormous living area/retail space complemented by a large bedroom, updated bathroom, modern kitchen (induction cooktop and Bosch dishwasher) and private rear courtyard. With its own private entrance via Bagung Lane behind, the rear home comprises two bedrooms, neat bathroom, updated kitchen and sizeable outdoor area. Exciting future possibilities subject to approval include sub-dividing the property, converting the shop into a cool cafe or consolidating both to create an inner-city residential masterpiece.
Moments from the open spaces of Princes Park, it's also walking distance to Princes Hill Primary School, Princes Hill Secondary College (across the road) and a choice of tram lines, as well as easy access to an endless array of cafes, bars and restaurants.
Property History for 78 Arnold St, Princes Hill, VIC 3054
- 01 Aug 2024Sold for $1,860,000
- 25 Jun 2024Listed for Sale Under Offer
- 12 Aug 2017Sold for $1,540,000
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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 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 1,138 properties. Over the last 5 years, Houses in Princes Hill have seen a 14.60% increase in median value, while Units have seen a 20.31% increase. As at 31 August 2024:
- The median value for Houses in Princes Hill is $1,823,518 while the median value for Units is $787,470.
- Houses have a median rent of $770 while Units have a median rent of $570.
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