House buy in Brisbane Queensland

6 BEDROOM DUAL LIVING QLD CHARACTER HOME WITH CITY VIEWS AND ON THE CITY EDGE MUST BE SOLD. OWNERS ARE RETIRING TO COUNTRY. Traditional QLD workers cottage charm, however with much more space. Move in now. There is no need to wait for builders and deal with soaring costs to raise and renovate. Put your own mark on it at your own leisure/. Neat and tidy with all good sized bedrooms and complementing the valuable land content is a charming Queenslander (circa 1912) that has been in the same family for more than 100 years. An exciting inner-city lifestyle awaits with the perfect city skyline aspect and only two kilometres to Brisbane CBD. This dual living home is the epitome of the true Paddington charm. Extensively renovated, raised and more than doubled in size with 2.7m ceilings downstairs; this property is ready to move into today. In the current market, there is no need to wait for the builders to come in. Take your time to put your own stamp on this remarkable property. Owners are retiring and this property must be sold. Upper level Front verandah for relaxing and watching the world go by 3 good sized bedrooms with one ensuite Traditional high ceilings and VJ lining in original part of house Separate bathroom and toilet Centre hallway with regular breezes during warmer months Laundry Separate living room Kitchen and dining room with high ceilings opening to the outdoors Spacious and private verandah, ideal for entertaining Original baltic pine floorboards under carpet Flexibility in the two decks to enjoy the sun and/or shade during the year Lower level 2.7m ceilings Non-loading supporting internal walls to allow for re-configuration 3 good sized bedrooms Good sized open plan lounge, kitchen and dining room opening out onto rear deck Separate bathroom and toilet Laundry room Spacious storage room / cellar at back Deck looking out onto spacious backyard. Summary of Property and Flexibility Off-street parking. Valuable in Paddington Possible Dual Living and/or AirBNB Back yard is a blank canvas for pool, gardens and carports The lower level's internal walls are not load supporting, allowing for re-configuration Location Location Location::. Located on the prestigious Princess Street and poised to embrace all that urban dwelling has to offer, the residence is on the edge of cosmopolitan Latrobe Terrace, in the centre of Paddington's cafe and lifestyle precinct and a short stroll to fine dining, great coffee, boutique shopping, dog off-leash parks, Caxton Street, The Barracks and Suncorp Stadium. 3 kms from CBD, South Bank and the new Queens Wharf 5 minute bike ride to link up with the bike trails along the Brisbane River with a short ride to the city, South Bank, Botanical gardens, West End and Mt Cootha Botanical Gardens Rates Council Rates: $909.00 pq. Urban Utilities: $385.00 pq. Value Considerations To raise and renovate 2 3 bedroom house at this time costs $800,0000 upwards for a basic rebuild . #3 Princess St is currently being raised and renovated with a budget running into the millions Median Price September 2022 quarter 3 bedroom $1.6m 30.6% 4 bedroom $2.11m 22.8% Note: Paddington is a very difficult suburb to place a value on a property. From a unrenovated small 3 bedroom house on a small block of land to a mansion sitting on Enoggera Terrace overlooking Brisbane and commanding millions of dollars more. Forget the web listings,these are the closest properties sold in the past 2 years. These properties area a snapshot of #9 before raising, creating an extra level and extensive renovation $1.845m April 2022 55 Charlotte St. Small 3 'tidied up' bedroom with one bathroom on timber stumps. No development under house. $1.820m June 2022 Banks Terrace. Small 3 'tidied up' bedroom with one bathroom. No lower level $1.268m April 2021 12 Princess St. Small 4 bedroom unrenovated cottage on concrete stumps. No lower level #9 offers much value leaving you plenty of money to upgrade Flooding Flooding Overlays show a 0.2% flooding chance for property. In the 1974 floods, water came to the bottom of the garden. In the 1990s, a massive covered drain (beneath #17and #20 Princess St) has been built. Since then, at no time has any water risen anywhere near the property Summary This property has great character, flexibility and value for its new owners. From the street this house looks like a traditional 3 bedroom Queenslander; but like the Tardis it keeps giving more. Outdoor features Balcony Deck Open spaces Indoor features Balcony Ensuite Dishwasher Built-in robes Living area Broadband Toilet Hot water service