87 Princess Street, Petrie Terrace, QLD 4000 | House for sale | OnTheHouse
 
FOR SALE
Price Range $1,200,000 to $1,250,000

87 Princess Street
Petrie Terrace QLD 4000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 185m2
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Location Perfect

Located in one of Petrie Terrace's most desirable streets, this colonial cottage is being offered to the market for the first time in over 50 years. On an almost level lot and positioned low in the street the home is surprisingly quiet, given how close you are to Brisbane's CBD being less than 1km away.
Set forward to the edge of the front boundary, entry to the home is via the external stairs behind the front gate. Step inside into the built-in sunroom with polished timber flooring, a perfect spot for storage or as a sitting room. From here the home leads you into an open plan living and dining room, maintaining the traditional lofty ceilings and complete with an original brick fireplace. Recently painted internally there are two good sized bedrooms off the living space each fitted with ceiling fans. The rear of the home features a galley style kitchen with a lovely garden outlook and a modern bathroom fitted with a walk- in shower. Out back there is a fabulous private courtyard, great for entertaining which looks directly over a beautifully maintained raised garden space filled with succulent tropical plants, "an inner-city oasis."
Whilst the home may need a little TLC, it is perfectly liveable as you plan your next value-add and as for location at this price point you cannot get any better. The home could be the perfect starter for a new home buyer wanting to break into the inner city market, a renovator/downsizer may take the opportunity to give the home new life as so many other property owners in the area have done or are doing and/or an investor could be the one to take advantage of this historic and very popular inner city locale currently experiencing exceptional capital growth.
In close vicinity to some of the best private schools in Brisbane, this residence sits within the catchment zones for Petrie Terrace State School and Kelvin Grove State College. Meanwhile, a vibrant and convenient lifestyle does not get much easier with Suncorp Stadium, shopping at Victoria Barracks, Ithaca swimming pool, YMCA, tennis courts, entertainment on Caxton Street, a stroll over the bridge to Southbank and lots of local transport options are all just a moments' walk away. And of course, there is the amazing growth potential of being on the edge of a booming Brisbane city particularly with the forthcoming Olympic games venues, many of which will be within a short walkable distance away.
A very tightly held historic suburb, Petrie Terrace is becoming increasingly popular due to its location to just about everything that Brisbane offers. Filled with freehold character cottages the historic nature of this quaint old-town inner city suburb is assured to remain as a residential goldmine for many years to come. With less than five hundred cottages in Petrie Terrace these entry level opportunities are becoming increasingly rare, and in this location, this is the one you do not want to miss.
Please note - Virtual Furniture has been used in some of the photos displayed

Property Details for 87 Princess St, Petrie Terrace

87 Princess St, Petrie Terrace is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 185m2. The place is currently for sale with Ray White Paddington (Qld).

Building Type
House
Land Size
185m2
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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 2016 was 1124 people. By 2021 the population was 1168 showing a population growth of 3.9% 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 over $4000 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation.In 2021, 42.30% of the homes in Petrie Terrace were owner-occupied compared with 38.90% in 2016.

Petrie Terrace has 635 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 95.46% increase in median value, while Units have seen a 83.00% increase. As at 31 October 2025:

  • The median value for Houses in Petrie Terrace is $1,675,189 while the median value for Units is $809,198.
  • Houses have a median rent of $745 while Units have a median rent of $420.
There are currently 6 properties listed for sale, and 1 property listed for rent in Petrie terrace on OnTheHouse. According to Cotality's data, 11 properties were sold in the past 12 months in Petrie terrace.

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Nicholas Hall
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Ray White Paddington (Qld)
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