121 Latrobe Tce, Paddington is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 433m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
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Proudly positioned amongst Paddington's best cafes, restaurants and boutique shops, this original cottage presents an exciting opportunity to purchase a prime piece of real estate on the famous Latrobe Terrace to live in or run your business subject to council approval home-based business code.
Upstairs is a large open plan living and dining area with hardwood floors, VJ walls and a traditional fireplace. Here you will also find two spacious bedrooms with built-in robes plus a third bedroom/study. The modern kitchen flows out to an expansive entertainer's deck that overlooks the backyard.
Downstairs features a second living area, fourth bedroom, second bathroom and even boasts a kitchenette. The self-contained nature of the downstairs area only adds to the endless possibilities for producing income, whether it be a home-based business or renting it out through air bnb.
Presenting a rare and desirable opportunity to purchase on Latrobe Terrace, just 100m to Paddington's best cafes and shops and only 3km to the CBD, this home is a must see!
Features
- Unbeatable location: close to Paddington's best cafes, restaurants and boutique shops and just 3km to the CBD
- Excellent opportunity for a home-based/retail business (STCA)
- Charming character features including hardwood floors, VJ walls, high ceilings and traditional fireplace
- New flooring to living and dining area
- 4 bedrooms, 3 of which have built-in robes
- Updated kitchen with gas cooktop and ample storage
- Large rear balcony overlooking the level yard
- Second living area downstairs with separate kitchenette and bathroom offering potential for self-contained living or a home-based business
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 61.38% increase in median value, while Units have seen a 49.63% increase. As at 31 July 2024:
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