FOR SALE
Auction - Unless Sold Prior

118 Latrobe Terrace
Paddington QLD 4064

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 521m2
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Auction Time
Thu 26 Sep 6:30 pm
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No upcoming inspections scheduled.
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Central Two-Level Character Home with Huge Potential

Set back from the street behind a picket fence and a screen of sub-tropical shrubs, this unassuming facade presents a host of character features just waiting to be celebrated.
Boasting a great aspect and central position, just a short walk to Paddington Central, buyers will identify the immediate opportunities to capitalise on this character dwelling and unparalleled location.
The floorplan divulges its former purpose as two separate flats. The services are still in place to re-establish and utilise its prior function. Alternatively, a full scale renovation could be undertaken to uncover the property's full potential as a spacious family home. With long term tenants in place, investors will appreciate consistent, immediate income.
Spread over two levels, the upper floor comprises a generous open plan living and dining area that provides access to a functional kitchen positioned adjacent to the deck.
Three sizable bedrooms incorporate existing character features including VJ paneling, sash windows and polished timber flooring.
The lower floor could be utilized as a self-contained flat/multipurpose area, offering an open plan living space and spacious second opening onto covered deck.
Elevated decks extend the living space on the upper and lower floors at the rear of the dwelling, providing year-round alfresco entertaining.
The backyard is screened by established trees, providing a lush, green outlook and privacy.
Home buyers will appreciate the central position and adaptable floor plan.
Located just a 6 minute commute from the CBD, with great access to major arterials, the City Glider is a convenient transport option, passing every 10 minutes. Latrobe Terrace is a restaurant mecca with a selection of specialty shops including Woolworths. Franks, Sassafras and Il Posto restaurants are popular with the locals.
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Property Details for 118 Latrobe Tce, Paddington

118 Latrobe Tce, Paddington is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 521m2. The place is currently for sale with Ray White Paddington (Qld).

Building Type
House
Land Size
521m2

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About Paddington 4064

The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2011 was 7,986 people. By 2016 the population was 8,554 showing a population growth of 7.1% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.4% of the homes in Paddington were owner-occupied compared with 52.4% in 2016.

Paddington has 4,612 properties. Over the last 5 years, Houses in Paddington have seen a 62.38% increase in median value, while Units have seen a 44.53% increase. As at 31 August 2024:

  • The median value for Houses in Paddington is $1,883,229 while the median value for Units is $735,742.
  • Houses have a median rent of $825 while Units have a median rent of $550.
There are currently 25 properties listed for sale, and 18 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 185 properties were sold in the past 12 months in Paddington.

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Max Hadgelias
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George Hadgelias
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Ray White Paddington (Qld)
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