The potential to enter the market with multiple opportunities is available to the savvy buyer.
Either,
i. Move in and live in one of Paddington's cutest cottages or,
The first time offered in almost 30 years, this tightly held, whisper quiet, brick cottage boasts a rare mixed-use potential.
Easily re-configured to a residential home, the upper level boasts ornate character elements throughout, including, dramatic 3m high ceilings, traditional timber flooring, chandeliers, VJ Walls, multiple living / show room areas.
Summary
440m2 * in Prime mixed-use precinct
Split living or dual tenancy potential
Able to re-configured back to a residential dwelling
Outstanding location with walking distance to all of Paddington's finest amenities
4 Car Off Street parking
Live in the back rent out the front.
Outstanding rental / investment returns from residential or commercial occupants
Opportunities of such calibre are few and far between, act fast to secure a unique Latrobe Terrace property.
*Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.
* Land dimensions and zoning are sourced from Pricefinder & B.C.C and should be used as a guide only
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 4,614 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:
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