8 Sweetman StreetPaddington QLD 4064
Property Details for 8 Sweetman St, Paddington
8 Sweetman St, Paddington is a 11 bedroom, 4 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 480m2 and floor size of 294m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (November 2021)
This home is available for viewing by appointment only. Please contact the agent to arrange a suitable inspection time.
Surrounded by the convenience of local shopping, bars, restaurants, and parkland, and tucked away in an often-forgotten pocket of Paddington, this appealing property ticks so many boxes. Lending itself as the perfect opportunity for an investor, young family or first home buyer, it is ideal for those with big vision of what could be. Positioned on a 480m2 block, this property boasts a future potential that will inspire.
Currently, the home presents the opportunity to remove, renovate and restore, or upgrade and utilise as an eleven-bedroom boarding house (subject to council approval). Cascading over two generous levels, the layout consists of multiple living, dining, and outdoor spaces to relax, study, or socialise. There is a kitchen to each level as well as a kitchenette at the rear in the separate one-bedroom studio. The property is serviced by two central bathrooms, one ensuite, and a fourth bathroom servicing the studio.
Enjoy all the benefits of this unbeatable location, such as close proximity to restaurants, cafes, nightlife, hospital, and transport, plus you are an easy walk to the city, parklands and sought-after schools. This property offers returns of up to $1900 per week and is ideal to update and create a boarding house for students.
With its classic surrounding architecture this is a great place to be and offers a marvellous sense of opportunity for the discerning buyer! It's not often that a property like this hits the market it will not last long. Act quickly to secure!
Property History for 8 Sweetman St, Paddington, QLD 4064
- 27 Sep 2021Sold for $1,450,000
- 18 Aug 2021Listed for Sale For Sale
- 15 Oct 2020Listed for Sale Offers Over $1,200,000
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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 4,556 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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