FOR SALE
$1,975,000

37 Latrobe Terrace
Paddington QLD 4064

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 403m2
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Renovate, Redevelop, or Reimagine

Discover the perfect blend of heritage appeal and modern functionality with this rare DA-approved mixed-use property in Brisbane’s sought-after Paddington, just 3.5 km from the CBD. This versatile site offers multiple options for investors, owner-occupiers, or business owners, with unmatched flexibility to complete the project in stages or all at once.
Property Highlights:
Cottage: Retaining its circa 1903 Queenslander charm, the cottage includes DA-approved spaces for a café (18 patron capacity and outdoor dining) and two retail areas (street level and lower level, totalling 85 m²) plus one dedicated off-street car park.
Luxury Residence: DA-approved for a spacious 148 m², three-bedroom home at the back of the property, featuring city glimpses, double car accommodation, a pool, and an elevated terrace.
Flexible Options:
Renovate: Expand under the existing cottage to create additional functional space or off-street parking for staff or customers (STCA).
Live & Work: Reside in the luxury home while running a business from the cottage’s retail spaces.
Maximise Income: Lease both the commercial and residential spaces for a diversified revenue stream.
Custom Staging: Complete the project in phases or as a single development to suit your timeline and investment strategy.
Location:
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Property Details for 37 Latrobe Tce, Paddington

37 Latrobe Tce, Paddington is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 403m2. The place is currently for sale with Property Boutique.

Building Type
House
Land Size
403m2

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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 4,616 properties. Over the last 5 years, Houses in Paddington have seen a 60.22% increase in median value, while Units have seen a 51.44% increase. As at 30 November 2024:

  • The median value for Houses in Paddington is $1,864,242 while the median value for Units is $787,457.
  • Houses have a median rent of $800 while Units have a median rent of $570.
There are currently 32 properties listed for sale, and 29 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Paddington.

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Aunard De Camp
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