SOLD
Sold on 06 Aug 2024 for $2,200,000

41 Latrobe Terrace
Paddington QLD 4064

Bedrooms: 4
Bathrooms: 1
Car spaces: 4
Floor area: 215m2
Land area: 440m2
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Property Details for 41 Latrobe Tce, Paddington

Building Type
Commercial
Year Built
1900
Floor Size
215m2
Land Size
440m2
Local Government
Brisbane
Lot/Plan
1/RP78593

Last Listing description (August 2024)

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,

ii. Operate your own business with fantastic street exposure, multiple rooms, high quality finishes and fixtures, off street parking for 4 and on the doorstep to Paddington's effervescent commercial and retail precinct,
iii. Rent out to single or dual commercial occupants and take advantage of the impressive rental capacity available.
iv. Live at the back premises and either run your business from the front shop or alternatively lease it out to give you an income while living the Paddington lifestyle

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

Property History for 41 Latrobe Tce, Paddington, QLD 4064

A timeline of how this property has performed in the market
Last Sold
$2,200,000
06 Aug 2024
  • 06 Aug 2024
    Sold for $2,200,000
  • 02 Apr 2024
    Listed for Sale FOR SALE
  • 06 Mar 1996
    Sold for $190,000
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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 4,614 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:

  • The median value for Houses in Paddington is $1,883,229 while the median value for Units is $735,742.
  • Houses have a median rent of $825 while Units have a median rent of $550.
There are currently 26 properties listed for sale, and 24 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Paddington.

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Ray White Paddington (Qld)
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.