10 Seal StreetPaddington QLD 4064
Property Details for 10 Seal St, Paddington
10 Seal St, Paddington is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1930. The property has a land size of 835m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 6 bedroom Unit sold in Paddington in the last 12 months.
Last Listing description (October 2021)
Representing an exceptional opportunity for developers, owner-occupiers and renovator enthusiasts alike, this is a golden chance so rarely available in a thriving market. Positioned in a prime Paddington location, just 2km to the Brisbane CBD, this is the needle in the haystack so readily sought but rarely found!
At your disposal are a plethora of options (STCA*) including a ready-made portfolio booster, opportunity to enact a superb renovation and transform the residence into the home of your dreams or sit and enjoy the rental returns whilst land holding a prime parcel in a location that will forever be in extremely high demand.
Enjoying an elevated position in a quiet cul-de-sac street, the interior of the residence is currently separated into three individual flats. Two flats are positioned on the upper level and include spacious living, two bedrooms, bathroom and kitchen whilst a third flat on the lower level provides generous living with direct access to the courtyard, kitchen, bathroom and three bedrooms. Each flat has a single lock-up garage, shared laundry access. Returns $875 per week.
Occupying a large 835m2 block already on two (2) Lots, the hard work and expense has been done, allowing you to buy with the knowledge that there is versatility galore; keep the flats and enjoy rental return, renovate the home and live in a dream location!
Adding to this rare find is a location that embraces the best of inner-city living with the laidback Brisbane lifestyle readily sought. A quick walk delivers you to restaurants, shopping and public transport with the best of Brisbane's lifestyle precincts at your door; Suncorp Stadium, Southbank, West End and of course the Brisbane CBD just a hop, skip and jump away! Rarely does an opportunity come along that allows such endless scope to land hold, rent, renovate, to sell and/or build to live so make sure you act fast!
- 835m2 block on two (2) Lots
- Large residence converted into three individual flats
- Opportunity to transform into one large dream house
- Ready-made investment with build or development opportunity
* (STCA) Subject to Council Approval
Property History for 10 Seal St, Paddington, QLD 4064
- 09 Oct 2024Sold for $2,550,000
- 26 Aug 2021Sold for $1,900,000
- 28 Jul 2021Listed for Sale Auction
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0About 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 4,618 properties. Over the last 5 years, Houses in Paddington have seen a 65.27% increase in median value, while Units have seen a 50.82% increase. As at 31 December 2024:
- The median value for Houses in Paddington is $1,887,230 while the median value for Units is $790,131.
- Houses have a median rent of $800 while Units have a median rent of $570.
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