504 Park Street, Carlton North, VIC

On reviewing the home, the appeal is its combination of Victorian character, family accommodation and a generous landholding in Carlton North’s Princes Hill pocket. The separate lounge provides flexibility, while the upstairs main suite creates separation from the remaining bedrooms. The kitchen’s condition and connection to the garden deserve closer assessment before allowing a premium for presentation.
Recent evidence includes 56 Paterson Street at $2.63m, offering the same bedroom and bathroom count on a smaller 245m² block, with a north-facing backyard and garage. Meanwhile, 136 Paterson Street achieved $2.57m, providing three bathrooms and two parking spaces on 293m². These transactions put the advertised range into context, although this property’s additional land must be weighed against condition, parking and corner exposure. I would focus the inspection on natural light, privacy and renovation costs to determine how comfortably it competes within that range.