Situated in Paddington's most central landmark area, this two-level, dual occupancy residence presents a strategic opportunity to secure immediate rental income while securing long-term investment growth and scope for improvements. Two self-contained residences offer a dual income stream, an opportunity rarely presented in such a convenient position.
Combining enduring character features and separate access, the upper level features two generous bedrooms, an ornate fireplace with a carved timber mantel, tongue-in-groove panelling that enhances the scale of soaring ceilings and a light-filled living area that captures a pleasant canopy outlook and suburban views. Downstairs, the self-contained one-bedroom residence includes a living space, bathroom and rear yard access, delivering genuine dual occupancy flexibility.
Demonstrating broad appeal, buyers entering the coveted Paddington market can do so with invaluable rental assistance. Whether you're seeking a proven investment, a home with supplementary income or a centrally located character cottage to expand on and create a magnificent family home, the versatility of this property is its greatest strength.
Property Highlights:
- 144m2 dual occupancy floor plan spread over two self-contained levels
- Entry level features street level access, 2 bedrooms, 1 bathroom and generous living area with retained character features
- Lower level features 1 bedroom, 1 bathroom and living space with rear yard access
- Proven investment returns with dual income stream and future capital growth potential
- Premier street frontage within walking distance to Paddington Central
- 445m2 allotment with space for an extension
- Extensive sub-floor undercroft - ideal for storage or further enhancement
Conveniently positioned on Latrobe Terrace, surrounded by Paddington's renowned lifestyle boutique retail and dining precinct, this property benefits from excellent public transport infrastructure and is situated within the highly regarded Ithaca State School catchment.
Just minutes from the CBD, combining immediate income potential, with significant scope to add further value or restore the existing character and extend to create a family home, this unique opportunity is rarely presented in one of Brisbane's most consistently high-performing suburbs.
Exclusively presented by Max Hadgelias 0411 276 372. Get in contact today to register your interest or to arrange an inspection.
Disclaimer:
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 only.
**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **
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