46 Wellington St, Petrie Terrace is a 4 bedroom, 3 bathroom House with 3 parking spaces and was built in 1910. The property has a land size of 235m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in May 2018.
Petrie Terrace is one of the few areas where many examples of Brisbane's early colonial heritage have been largely kept intact. Every now and again an opportunity arises to buy into this historic but tightly held pocket of the inner West.
Within minutes walk to just about everything is perched this wonderful colonial cottage in arguably one of Petrie Terrace's best streets. At street level the property offers four good sized bedrooms all with timber flooring and original VJ walls and ceilings, bathroom and laundry. As you move towards the rear of the home and onto the balcony you are immediately taken aback by the three level rear elevation with stunning views across Petrie Terrace and to the South West. Stairs from the balcony take you down to the next level to find a second bathroom, functional kitchen and dining area, living and utility room. Ground level is accessed by external stairs into the large rear yard which allows for vehicle access, directly from Regent Street providing dual access to the property.
Whilst liveable and ready to move in or rent as is, the home is a perfect candidate for a character sensitive transformation for today's 21st century lifestyle. With an expanding Brisbane CBD and major development projects planned for the Western edge of the CBD, Petrie Terrace is primed for a bright future. It is not surprising in recent times the area continues to see significant investment into heritage sensitive, housing gentrification projects. This is your opportunity to be a part of the changing face of Petrie Terrace and reap the rewards.
The size of Petrie Terrace is approximately 0.3 square kilometres. It has 2 parks covering nearly 6.4% of total area. The population of Petrie Terrace in 2011 was 1,183 people. By 2016 the population was 1,134 showing a population decline of 4.1% in the area during that time. The predominant age group in Petrie Terrace is 20-29 years. Households in Petrie Terrace are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation. In 2011, 39.7% of the homes in Petrie Terrace were owner-occupied compared with 38.9% in 2016.
Petrie Terrace has 636 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 54.64% increase in median value, while Units have seen a 14.62% increase. As at 31 October 2024:
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