15 Stafford StreetPaddington QLD 4064
Property Details for 15 Stafford St, Paddington
15 Stafford St, Paddington is a 6 bedroom, 6 bathroom Unit with 1 parking spaces. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in March 2003.
Last Listing description (November 2022)
The only 810 sqm development site with great holding income currently for sale in Paddington. This type of opportunity rarely comes along and now is the time to secure a blue chip site for the next property cycle.
The property is conveniently located in the heart of the Latrobe Terrace shopping precinct and is in extreme proximity to Paddington Central, public transport and the cafes & restaurants that populate Latrobe and Given Terrace.
> Previous Development Approvals for 6 x Two bedroom units (2002) and 4 x Three bedroom townhouses (2007)
> 6 x 1 bedroom self contained flats generating $82,940 per annum (fully leased) with room for rental growth.
> Rents range between $245 to $285 per week and utilities (excluding water/sewerage) are recovered from the tenants.
> 810m2 On Two Lots
> Multi-residential development site (STCA)
> Sub-division potential (STCA)
> Rates $2,114.75 per qtr (July-Sept 22)
> Urban Utilities approximately $1,600 per qtr.
A Due Diligence pack is available from the Agent.
Any reference to subdivision or development potential is of a general nature and is subject to Council Approval and you should make your own enquiries prior to making an offer.
The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 15 Stafford St, Paddington, QLD 4064
- 13 Oct 2022Listed for Sale FOR SALE
- 18 Sep 2020Listed for Rent $250 / week
- 02 Mar 2020Listed for Rent $240 / week
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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 4,556 properties. Over the last 5 years, Houses in Paddington have seen a 59.00% increase in median value, while Units have seen a 55.78% increase. As at 31 October 2024:
- The median value for Houses in Paddington is $1,888,298 while the median value for Units is $788,154.
- Houses have a median rent of $810 while Units have a median rent of $580.
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