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89 Lower Cairns Terrace, Paddington QLD 4064

For Sale

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$1.5M - $1.6M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 1 Car 369 m²

Listed: yesterday

Updated: 2 hours ago

Overview

Set in a tranquil and elevated pocket of Paddington, this restored workers cottage offers a quietly unique opportunity with far-reaching Mt Coot-tha and suburban views. Boasting a 369sqm allotment, this home embraces an enviable rear north aspect, creating a light-filled environment throughout.

The residence features a classic combination of timber floors and high ceilings that underscore its character while providing a solid foundation for further development. Prospective owners can capitalize on the versatile potential to either raise the home and create functional space beneath (subject to council approval) or simply enjoy the steady capital growth offered by this sought-after inner-city location.

Walking distance to Petrie Terrace State School and close to well-regarded private and tertiary institutions, the property suits buyers seeking easy access to education hubs. Its proximity to public transport, Clem 7 tunnel, and the Inner-City Bypass facilitates convenient city commuting, while nearby lifestyle amenities such as dining precincts, river bikeways, and sporting arenas enhance day-to-day living.

This property is particularly suited to owner-occupiers or investors looking for a manageable, period-style home that balances lifestyle appeal with development upside in a prime Brisbane suburb.

Local Market Insights

In Paddington, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 12 during the previous 30-day period, with an average advertised asking price of $4,212,778. The property type mix of listed properties is predominantly Houses at 62%, followed by units (10%), and apartments (10%). The most active agency for houses in the Paddington area is currently Ray White, representing 39% of new listings, followed by Place with 28%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.