OFF MARKET

50 Wellington Street
Petrie Terrace QLD 4000

Bedrooms: 2
Bathrooms: 2
Car spaces: 3
Floor area: 88m2
Land area: 235m2
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Property Details for 50 Wellington St, Petrie Terrace

50 Wellington St, Petrie Terrace is a 2 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 235m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Floor Size
88m2
Land Size
235m2
Local Government
Brisbane
Lot/Plan
13/RP10688

Last Listing description (June 2023)

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 city.

Positioned in a quiet street, in an elevated position among quality homes, this property has the convenience of two street frontages (Wellington St & Regent St). It does require a degree of repair and rejuvenation that upon completion will reward the new owner with a fantastic proposition high on the hill overlooking Petrie Terrace and Suncorp Stadium.

Spread over three levels there is a living room, bedroom, bathroom, kitchen and entry from Wellington St, the lower level featuring two bedrooms, a kitchenette, rear balcony, a second bathroom and two storage rooms. On ground level you have a single garage and laundry with access from Regent Street. A small leafy backyard completes the picture for this home which can accommodate a further 2 cars. All levels are accessible via external stairs.

With everything this location has including the close proximity to the Brisbane CBD, local schools including both Brisbane Grammar and Brisbane Girls Grammar, the fabulous dining and retail options on offer in Paddington and all the various sporting and entertainment choices that Suncorp Stadium can offer.

If you would love to embrace the history of this home and expand your vision, then this is the house for you...Contact us today to arrange a private inspection.

Property History for 50 Wellington St, Petrie Terrace, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$1,200,000
12 May 2023
  • 12 May 2023
    Sold for $1,200,000
  • 20 Feb 2023
    Listed for Sale $1,200,000
  • 29 Mar 1978
    Sold for $15,500

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About Petrie Terrace 4000

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:

  • The median value for Houses in Petrie Terrace is $1,380,414 while the median value for Units is $558,122.
  • Houses have a median rent of $700 while Units have a median rent of $435.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Petrie terrace on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Petrie terrace.

Suburb Insights for Petrie Terrace 4000

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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.