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Sold on 19 Jul 2024 - Price Unavailable

98 Lower Cairns Terrace
Paddington QLD 4064

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 407m2
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Property Details for 98 Lower Cairns Tce, Paddington

98 Lower Cairns Tce, Paddington is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 407m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Paddington in the last 12 months.

Building Type
House
Land Size
407m2
Local Government
Brisbane
Lot/Plan
133/RP19576

Last Listing description (July 2024)

Sitting on a rare two-street access and situated in a prime Paddington position, just moments from the abundant lifestyle options this boutique market has to offer, 98 Lower Cairns Terrace offers abundant versatility, whether you are looking to landbank a blue chip position in one of Brisbane's most sought after markets, conduct minor renovations to taste, or undertake a more significant overhaul to create one of the finest homes the area has to offer.

The gorgeous character appeal is accentuated by an 11.4m frontage which is wider than the conventional blocks of the same size and will undeniably allow the incoming purchaser to capitalise on its incredible position to maximise the value of the block.

Largely situated across one level, this neat and tidy character home is presented in very good condition throughout and is currently rented for $925/week. The large open plan living space boasts ample character including original VJ's, timber boards and high ceilings with the semi-separate kitchen being presented in very good order with further access to a dining room and large rear verandah that overlooks the yard.

All of the bedrooms are of a good size with the North-facing main being extra large. The bathroom is also presented in good order but would benefit and immediately add value with a modern uplift. There is also a quaint entry foyer/sunroom at the front of the house which would make a great study.

Downstairs, the slab is in good condition with incredible car accommodation, storage, gym, workshop or rumpus options available. The large yard is perfect for pool installation or kids play.

One of the most pivotal and unique parts of this property is the two street frontage to Charteris Street, making renovations substantially easier from both a design and access point of view. There are multiple homes in the immediate vicinity that should provide ultimate confidence that overcapitalising should not be of concern.

Motivated sellers have set firm instructions that this will be sold by public auction Sunday 21st July as part of the Brisbane 100 series, from 10:00am at the Howard Smith Wharves. All pre-auction offers are to be submitted in writing for consideration.

Contact Brandon Wortley on 0447 269 591 or Selina McIntyre on 0400 565 918 for further information.

**This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.*

Property History for 98 Lower Cairns Tce, Paddington, QLD 4064

A timeline of how this property has performed in the market
Last Sold
19 Jul 2024
Listed for Rent
$850/w
14 Mar 2023
  • 19 Jul 2024
    Sold for $1,800,000
  • 21 Jun 2024
    Listed for Sale Under Contract
  • 09 Mar 2023
    Listed for Rent - Price not available
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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 4,612 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:

  • The median value for Houses in Paddington is $1,868,200 while the median value for Units is $737,970.
  • Houses have a median rent of $850 while Units have a median rent of $550.
There are currently 24 properties listed for sale, and 16 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 189 properties were sold in the past 12 months in Paddington.

Suburb Insights for Paddington 4064

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Contact agent
Brandon Wortley
Show contact details
Selina Mcintyre
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Ray White Bulimba
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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.